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A City Zoo Borrowed $2,000,000 at Simple Annual Interest to Construct

Question 89

Multiple Choice

A city zoo borrowed $2,000,000 at simple annual interest to construct a breeding facility.Some of the money was borrowed at 9%, some at 11%, and some at 14%.Use a system of equations to determine how much was borrowed at 9% if the total annual interest was $216,000 and the amount borrowed at 9% was twice the amount borrowed at 14%.Solve the system using matrices.


A) $400,000 was borrowed at 9%
B) $800,000 was borrowed at 9%
C) $300,000 was borrowed at 9%
D) $1,600,000 was borrowed at 9%
E) $1,700,000 was borrowed at 9%

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