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small software corporation borrowed $320,000 to expand its software line. The corporation borrowed some of the money at 3%, some at 4%, and some at 5%. Use a stem of equations to determine how much was borrowed at each rate when the annual interest was $13,300 and the amount borrowed at 4% was 2/1/2 times the amount rrowed at 3%. Solve the system using matrices. mount borrowed at 3% $ X mount borrowed at 4% $ X mount borrowed at 5% $ X

small software corporation borrowed $320,000 to expand its software line. The corporation borrowed some of the money at 3%, some at 4%, and some at 5%. Use a stem of equations to determine how much was borrowed at each rate when the annual interest was $13,300 and the amount borrowed at 4% was 2/1/2 times the amount rrowed at 3%. Solve the system using matrices. mount borrowed at 3% $ X mount borrowed at 4% $ X mount borrowed at 5% $ X

Advanced Engineering Mathematics
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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A small software corporation borrowed $320,000 to expand its software line. The corporation borrowed some of the money at 3%, some at 4%, and some at 5%. Use a system of equations to determine how much was borrowed at each rate when the annual interest was $13,300 and the amount borrowed at 4% was 2- 2 times the amount 2 borrowed at 3%. Solve the system using matrices. amount borrowed at 3% $ amount borrowed at 4% $ amount borrowed at 5% $ X X
Transcribed Image Text:A small software corporation borrowed $320,000 to expand its software line. The corporation borrowed some of the money at 3%, some at 4%, and some at 5%. Use a system of equations to determine how much was borrowed at each rate when the annual interest was $13,300 and the amount borrowed at 4% was 2- 2 times the amount 2 borrowed at 3%. Solve the system using matrices. amount borrowed at 3% $ amount borrowed at 4% $ amount borrowed at 5% $ X X
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