Loans A bank gives three loans totaling $400,000to a development company for the purchase of threebusiness properties. The largest loan is $100,000more than the sum of the other two, and the smallestloan is one-half of the next larger loan. Represent the amount of money in each loan as x, y, and z,respectively.a. Write a system of three equations in threevariables to represent the problem.b. Use a matrix equation to solve the system and findthe amount of each loan.
Loans A bank gives three loans totaling $400,000to a development company for the purchase of threebusiness properties. The largest loan is $100,000more than the sum of the other two, and the smallestloan is one-half of the next larger loan. Represent the amount of money in each loan as x, y, and z,respectively.a. Write a system of three equations in threevariables to represent the problem.b. Use a matrix equation to solve the system and findthe amount of each loan.
Elementary Linear Algebra (MindTap Course List)
8th Edition
ISBN:9781305658004
Author:Ron Larson
Publisher:Ron Larson
Chapter1: Systems Of Linear Equations
Section1.2: Guassian Eliminationa And Guass-jordan Elimination
Problem 48E
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Loans A bank gives three loans totaling $400,000
to a development company for the purchase of three
business properties. The largest loan is $100,000
more than the sum of the other two, and the smallest
loan is one-half of the next larger loan. Represent
the amount of money in each loan as x, y, and z,
respectively.
a. Write a system of three equations in three
variables to represent the problem.
b. Use a matrix equation to solve the system and find
the amount of each loan.
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