Gonzalez Manufacturing borrowed $24000. Part of the money was borrowed at 8%, part at 10%,...
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Algebra
Gonzalez Manufacturing borrowed $24000. Part of the money was borrowed at 8%, part at 10%, and part at 12%. The annual interest was $2480, and the total amount borrowed at 8% and 10% was twice the amount borrowed at 12%. Use Gaussian elimination or Gauss-Jordan elimination to find the amount borrowed at each rate.How much money was borrowed at 8%?How much money was borrowed at 10%?How much money was borrowed at 12%?
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