Miscellaneous Exercise 2(B) II · Q101
Q.An amount of Rs. 5000 is invested in three types of investments, at interest rates 6.7, 7.7, 8% per annum respectively. The total annual income from these investments is Rs. 350/-. If the total annual income from first two investments is Rs. 70 more than the income from the third, find the amount of each investment using matrix method.
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Start your 14-day free trial to unlock the full solution →Step 1: Let Rs. be invested at respectively. "Amount invested is Rs. 5000": . "Total annual income is Rs. 350": . "Income from first two investments is Rs. 70 more than the third": , i.e. .
Step 2: Multiplying the last two equations by for cleaner coefficients: and .
Step 3: Subtracting: .
Step 4: Adding instead: .
Step 5: From : . Substituting: .
Step 6: . …
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