Determination of amount of each investment using Matrix Algebra

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Bachelor of Commerce – B.Com Part 2 (Second Year) Solved Assignments for 2020 Annual Examinations

SOL Solved Assignment

Code : 52411202
Course Title : Business Mathematics and Statistics

52411202: Business Mathematics and Statistics Solved Assignment for 2020

Question 1. (a)An amount of Rs. 65,000 is invested in three investments at the rate of 6%, 8% and 9% per annum, respectively. The total annual income is Rs. 4,800. The income from the third investment is Rs. 600 more than the income from second investment. Using matrix algebra, determine the amount of each investment.

ANSWER: (x=30000,y=15000,z=20000)

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