Gonzalez Manufacturing borrowed $24000. Part of the money

Last updated: 7/22/2022

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%?