Loans A bank gives three loans totaling $400,000to a development company for the purchase of threebusiness properties. The largest loan is $100,000more than the sum of the other two, and the smallestloan is one-half of the next larger loan. Represent the amount of money in each loan as x, y, and z,respectively.a. Write a system of three equations in threevariables to represent the problem.b. Use a matrix equation to solve the system and findthe amount of each loan.

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Loans A bank gives three loans totaling $400,000
to a development company for the purchase of three
business properties. The largest loan is $100,000
more than the sum of the other two, and the smallest
loan is one-half of the next larger loan. Represent

the amount of money in each loan as x, y, and z,
respectively.
a. Write a system of three equations in three
variables to represent the problem.
b. Use a matrix equation to solve the system and find
the amount of each loan.

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