Ms. Henry borrowed a total sum of $56,000 from her bank and her credit union. The bank charged an annual interest rate of 11% while the credit union charged an annual interest rate of 9%. If the total yearly interest payment was $5560, how much did she borrow from the credit union? (a) Define the variables you use and write the system of equations that represents the above problem. (b) Write the augmented matrix of the linear system.

Ms. Henry borrowed a total sum of $56,000 from her bank and her credit union. The bank charged an annual interest rate of 11% while the credit union charged an annual interest rate of 9%. If the total yearly interest payment was $5560, how much did she borrow from the credit union? (a) Define the variables you use and write the system of equations that represents the above problem. (b) Write the augmented matrix of the linear system.

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter7: Matrices And Determinants

Section7.2: Operations With Matrices

Problem 11ECP

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