Solve the Problem by Writing and Solving a Suitable System $\$ 19,000$

Multiple Choice

Solve the problem by writing and solving a suitable system of equations.
-A small business takes out loans from three different banks to buy some new equipment. The total amount of the three loans is $\$ 19,000$ . The first bank offered an interest rate of $16 \%$ . The second bank offered a rate of $18 \%$ and the amount borrowed from this bank was $\$ 5000$ less than twice as much as the amount borrowed from the first bank. The third bank offered a rate of $15 \%$ . The total annual interest was $\$ 3050$ . How much did they borrow from each bank?

A) first bank $\$ 6000$ , second bank $\$ 7000$ , third bank: $\$ 6000$
B) first bank $\$ 5500$ , second bank $\$ 6000$ , third bank: $\$ 7500$
C) first bank $\$ 5000$ , second bank $\$ 5000$ , third bank: $\$ 9000$
D) first bank $\$ 4600$ , second bank $\$ 4200$ , third bank: $\$ 10,200$