Question
Bank credit: Telmex must borrow $ 25,000 million pesos (mp) to pay for an expansion. You can't borrow all your money from one bank, so
Bank credit: Telmex must borrow $ 25,000 million pesos (mp) to pay for an expansion. You can't borrow all your money from one bank, so you borrow three from three different banks. The first charges 8% interest. In the second bank he borrows $ 2,000 million pesos more than half of the amount requested from the first bank. The second bank's interest rate is 10%. The rest of the $ 25,000 million pesos is lent by a third bank, where Telmex pays 9% interest. The total annual interest paid by Telmex for the loan from the three banks is $ 2,220 million pesos. How much money did he borrow and what fee did he have to pay at each bank? a) Describe the problem b) Translate the problem into algebraic language by forming the system of equations that represents it. c) Explain in detail each equation and the variables that comprise them
d) Explain what values you will find when solving the system
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