For Exercise, set up a system of linear equations to represent the scenario. Solve the system by using Gaussian elimination or Gauss-Jordan elimination. Andre borrowed $20,000 to buy a truck for his business. He borrowed from his parents who charge him 2% simple interest. He borrowed from a credit union that charges 4% simple interest, and he borrowed from a bank that charges 5% simple interest. He borrowed five times as much from his parents as from the bank, and the amount of interest he paid at the end of 1 yr was $620. How much did he borrow from each source?
For Exercise, set up a system of linear equations to represent the scenario. Solve the system by using Gaussian elimination or Gauss-Jordan elimination. Andre borrowed $20,000 to buy a truck for his business. He borrowed from his parents who charge him 2% simple interest. He borrowed from a credit union that charges 4% simple interest, and he borrowed from a bank that charges 5% simple interest. He borrowed five times as much from his parents as from the bank, and the amount of interest he paid at the end of 1 yr was $620. How much did he borrow from each source?
Chapter4: Systems Of Linear Equations
Section4.2: Solve Applications With Systems Of Equations
Problem 4.32TI: Translate to a system of equations and then solve: Erin spent 30 minutes on the rowing machine and...
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For Exercise, set up a system of linear equations to represent the scenario. Solve the system by using Gaussian elimination or Gauss-Jordan elimination.
Andre borrowed $20,000 to buy a truck for his business. He borrowed from his parents who charge him 2% simple interest. He borrowed from a credit union that charges 4% simple interest, and he borrowed from a bank that charges 5% simple interest. He borrowed five times as much from his parents as from the bank, and the amount of interest he paid at the end of 1 yr was $620. How much did he borrow from each source?
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