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A small software corporation borrowed $335,000 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 borrowed at each rate when the annual interest was $13,600 and the amount borrowed at 4% was times the amount borrowed at 3%. Solve the system using matrices. amount borrowed at 3% %24 amount borrowed at 4% %24 amount borrowed at 5%

A small software corporation borrowed $335,000 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 borrowed at each rate when the annual interest was $13,600 and the amount borrowed at 4% was times the amount borrowed at 3%. Solve the system using matrices. amount borrowed at 3% %24 amount borrowed at 4% %24 amount borrowed at 5%

College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter6: Linear Systems
Section6.2: Guassian Elimination And Matrix Methods
Problem 76E
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A small software corporation borrowed $335,000 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 borrowed at each rate when the annual interest was $13,600 and the amount borrowed at 4% was 2- times the amount borrowed at 3%. Solve the system using matrices. amount borrowed at 3% %$4 amount borrowed at 4% %24 amount borrowed at 5% %24
Transcribed Image Text:A small software corporation borrowed $335,000 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 borrowed at each rate when the annual interest was $13,600 and the amount borrowed at 4% was 2- times the amount borrowed at 3%. Solve the system using matrices. amount borrowed at 3% %$4 amount borrowed at 4% %24 amount borrowed at 5% %24
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