Breeding Facility A city zoo borrowed $2,000,000 at simple | StudySoup

Textbook Solutions for College Algebra

Chapter 7 Problem 7.1.102

Question

Breeding Facility A city zoo borrowed $2,000,000 at simple annual interest to construct a breeding facility. Some of the money was borrowed at 8%, some at 9%, and some at 12%. Use a system of linear equations to determine how much was borrowed at each rate given that the total annual interest was $186,000 and the amount borrowed at 8% was twice the amount borrowed at 12%. Solve the system of linear equations using matrices.

Solution

Step 1 of 5)

The first step in solving 7 problem number 102 trying to solve the problem we have to refer to the textbook question: Breeding Facility A city zoo borrowed $2,000,000 at simple annual interest to construct a breeding facility. Some of the money was borrowed at 8%, some at 9%, and some at 12%. Use a system of linear equations to determine how much was borrowed at each rate given that the total annual interest was $186,000 and the amount borrowed at 8% was twice the amount borrowed at 12%. Solve the system of linear equations using matrices.
From the textbook chapter Matrices and Determinants you will find a few key concepts needed to solve this.

Step 2 of 7)

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full solution

Title College Algebra 9 
Author Ron Larson
ISBN 9781133963028

Breeding Facility A city zoo borrowed $2,000,000 at simple

Chapter 7 textbook questions

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