Question 32 of 44
Q.
- A total of ₹ 8,500 was invested in three interest earning accounts. The interest rates were 2%, 3% and 6%. If the total simple interest for one year was ₹ 380 and the amount invested at 6% was equal to the sum of the amounts in the other two accounts, then how much was invested in each account ? (Use Cramer's rule). OR
- The annual production of a commodity is given as follows. Fit a straight line trend by the method of least squares.
| Year | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 |
|---|---|---|---|---|---|---|---|
| Production (in tones) | 155 | 162 | 171 | 182 | 158 | 180 | 178 |
Puducherry TnboardTamil Nadu HSC (DGE) Commerce Board 2024Subjective· 5mImportance★★★★★
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Start your 14-day free trial to unlock the full solution →(a) Cramer's rule gives investments ₹250, ₹4000, ₹4250. (b) Least-squares trend with origin 1998.
Part (a) — Cramer's rule. Let be the amounts (₹) invested at 2%, 3%, 6%.
Equations (interest equation ):
Determinant :
(replace column 1):
(replace column 2):
(replace column 3):
Solutions:
Check: ✓; interest ✓; ✓.
Part (b) — straight-line trend by least squares. Take origin at the middle year 1998, , so .
| Year | | | | |
| --- | --- | --- | --- | --- | …
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