Problem: To get the necessary funds for a planned expansion, a small company took out three loans totaling $25,000. Company owners were able to get interest rates of 8%, 9%, and 10%. They borrowed $1000 more at 9% than they borrowed at 10%. The total annual interest on the loans was $2190.(adsbygoogle = window.adsbygoogle || []).push({});

a) How much did they borrow at each rate?

b) Suppose we drop the condition that they borrowed $1000 more at 9% than at 10%. What can you say about the amount borrowed at 10%? What is the solution if the amount borrowed at 10% is $5000.

Could someone help me with this "Systems of Linear and Matrices problem.......thank you.

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# Matrice word problem

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