Ms. Henry borrowed a total sum of $56,000 from her bank and her credit union. The bank charged an annual interest rate of 11% while the credit union charged an annual interest rate of 9%. If the total yearly interest payment was $5560, how much did she borrow from the credit union? (a) Define the variables you use and write the system of equations that represents the above problem. (b) Write the augmented matrix of the linear system.
Ms. Henry borrowed a total sum of $56,000 from her bank and her credit union. The bank charged an annual interest rate of 11% while the credit union charged an annual interest rate of 9%. If the total yearly interest payment was $5560, how much did she borrow from the credit union? (a) Define the variables you use and write the system of equations that represents the above problem. (b) Write the augmented matrix of the linear system.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Ms. Henry borrowed a total sum of $56,000 from her bank and her credit union. The bank charged an annual interest rate of 11% while the credit union charged an annual interest rate of 9%. If the total yearly interest payment was $5560, how much did she borrow from the credit union?
(a) Define the variables you use and write the system of equations that represents the above problem.
(b) Write the augmented matrix of the linear system.
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