Westonci.ca connects you with experts who provide insightful answers to your questions. Join us today and start learning! Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

A state government borrows $2,000,000 at simple annual interest. Some of the money is borrowed at 6%, some at 7.5%, and some at 8.5%. Use a system of linear equations to determine how much (in dollars) is borrowed at each rate given that the total annual interest is $137,000 and the amount borrowed at 7.5% is four times the amount borrowed at 8.5%. Solve the system of linear equations using matrices.