Question: A city zoo borrows $2,000,000 at simple annual interest to construct a breeding facility. Some of the money is borrowed at 8%, some at 9%,
A city zoo borrows $2,000,000 at simple annual interest to construct a breeding facility. Some of the money is borrowed at 8%, some at 9%, and some at 12%. Use a system of linear equations to determine how much is borrowed at each rate given that the total annual interest is $186,000 and the amount borrowed at 8% is twice the amount borrowed at 12%. Solve the system of linear equations using matrices.
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x amount at 8 y amount at 9 z amount at 12 The matrix is now in rowech... View full answer
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