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Business, 20.02.2020 05:10 aidanfbussiness

A small software corporation borrowed $525,000 to expand its software line. The corporation borrowed some of the money at 3%, some at 4%, and some at 5%. Use a system of equations to determine how much was borrowed at each rate when the annual interest was $21,300 and the amount borrowed at 4% was 2 1 2 times the amount borrowed at 3%. Solve the system using matrices.

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