How do I do this problem? A city zoo borrows $2,000,000 at simple annual interest to construct a breeding facility. Some of the money is borrowed at 9%, some at 10%, and some at 13%. Use a system of linear equations to determine how much is borrowed at each rate given that the total annual interest is $205,500 and the amount borrowed at 9% is twice the amount borrowed at 13%. Solve the system of linear equations using matrices.   At 9% At 10% At 13%

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
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Chapter6: Systems Of Linear Equations And Inequalities
Section: Chapter Questions
Problem 51SGR
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How do I do this problem?

A city zoo borrows $2,000,000 at simple annual interest to construct a breeding facility. Some of the money is borrowed at 9%, some at 10%, and some at 13%. Use a system of linear equations to determine how much is borrowed at each rate given that the total annual interest is $205,500 and the amount borrowed at 9% is twice the amount borrowed at 13%. Solve the system of linear equations using matrices.

 

At 9%

At 10%

At 13%

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