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 asystem of equations to determine how much was borrowed at each rate when the annual interest was $13,300 and the amount borrowed at 4% was 2-2 times the amount2borrowed at 3%. Solve the system using matrices.amount borrowed at 3%$amount borrowed at 4%$amount borrowed at 5%$XX

Given, A small software corporation borrowed $320,000 to expand its software line. The corporation…

Answered: small software corporation borrowed…

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 $315,000 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 $13,500 and the amount borrowed at 4% was 22/12/2012 times the amount borrowed at 3%. Solve the system using matrices. amount borrowed at 3% $ amount borrowed at 4% $ amount borrowed at 5% $
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A Sillall software corporation borrowed $115,000 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 $5,300 and the amount borrowed at 4% was times the amount borrowed at 3%. Solve the system using matrices. amount borrowed at 3% amount borrowed at 4% $ amount borrowed at 5% Need Help? Master It Read It Submit Answer
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