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A state government borrows $2,000,000 at simple annual interest. Some of the money is borrowed at 7 %, some at 8.5%, and some at 9.5%. Use a system of linear equations to determine how much (in dollars) is borrowed at each rate given that the total annual interest is $169,750 and the amount borrowed at 8.5% is four times the amount borrowed at 9.5%. Solve the system of linear equations using matrices. at 7% $ Incorrect: Your answer is incorrect. at 8.5% S Incorrect: Your answer is incorrect. at 9.5% S

A state government borrows $2,000,000 at simple annual interest. Some of the money is borrowed at 7 %, some at 8.5%, and some at 9.5%. Use a system of linear equations to determine how much (in dollars) is borrowed at each rate given that the total annual interest is $169,750 and the amount borrowed at 8.5% is four times the amount borrowed at 9.5%. Solve the system of linear equations using matrices. at 7% $ Incorrect: Your answer is incorrect. at 8.5% S Incorrect: Your answer is incorrect. at 9.5% S

Intermediate Algebra
Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter4: Systems Of Linear Equations
Section4.2: Solve Applications With Systems Of Equations
Problem 4.43TI: Translate to a system of equations and then solve: A Mississippi river boat cruise sailed 120 miles...
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A state government borrows $2,000,000 at simple annual interest. Some of the money is borrowed at 7%, some at 8.5%, and some at 9.5%. Use a system of linear equations to determine how much (in dollars) is borrowed at each rate given that the total annual interest is $169,750 and the amount borrowed at 8.5% is four times the amount borrowed at 9.5%. Solve the system of linear equations using matrices. at 7% $ Incorrect: Your answer is incorrect. at 8.5% $ Incorrect: Your answer is incorrect. at 9.5% $
Transcribed Image Text:A state government borrows $2,000,000 at simple annual interest. Some of the money is borrowed at 7%, some at 8.5%, and some at 9.5%. Use a system of linear equations to determine how much (in dollars) is borrowed at each rate given that the total annual interest is $169,750 and the amount borrowed at 8.5% is four times the amount borrowed at 9.5%. Solve the system of linear equations using matrices. at 7% $ Incorrect: Your answer is incorrect. at 8.5% $ Incorrect: Your answer is incorrect. at 9.5% $
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