Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. a natural history museum borrows $2,000,000 at sim

A natural history museum borrows $2,000,000 at simple annual interest to purchase new exhibits. Some...

90.2K

Verified Solution

Question

Basic Math

image

A natural history museum borrows $2,000,000 at simple annual interest to purchase new exhibits. Some of the money is borrowed at 5%, some at 6.5%, and some at 7.5%. Use a system of linear equations to determine how much is borrowed at each rate given that the total annual interest is $129,750 and the amount borrowed at 6.5% is four times the amount borrowed at 7.5%. Solve the system of linear equations using matrices.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Tyler Inc.'s most recent annual dividend was $3.65 a share. The firm has been growing at...

Finance
Q

Put the following in order with respect to Antibody-Dependent Enhancement Cytokine release and wide scale inflammatory response Antibody...

Biology
Q

In 2008 the Better Business Bureau settled 75% of complaints they received (USA Today, March 2,...

Basic Math
Q

A prokaryote would use to move nutrients internally and eliminate waste

Biology
Q

An electric dipole is situated in an electric field of uniform intensity E whose dipole...

Physics
Q

13 What is the perimeter of AXYZ Y 7 5 X B 6

Geometry
Q

me Limit 2 00 00 age 1 1 4 7 10 2 5 8 Ga...

Algebra
Q

1 point For each of the recursively defined sequences given below write out the next...

Algebra
Q

Formal Request for Proposal (RFP) Palo Duro Adult Education Center (PDAEC) Network Security...

Accounting
Q

Allen Company used $71,000 of direct materials and incurred $37,000 of direct labor costs during...

Accounting
Q

please help the...

Accounting
Q

The owner of a promissory note will receive a payment of $4,000 plus interest at...

Finance