FINANCE A small software corporation borrowed$500,000 to expand its software line. Some
Chapter 7, Problem 108(choose chapter or problem)
FINANCE A small software corporation borrowed$500,000 to expand its software line. Some of themoney was borrowed at 9%, some at 10%, and someat 12%. Use a system of equations to determine howmuch was borrowed at each rate if the annual interestwas $52,000 and the amount borrowed at 10% wastimes the amount borrowed at 9%. Solve the systemusing matrices.
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