A trust fund has that must be invested in two different types of bonds

MATHEMATICS · Multi-part · CBSE · Mathematics · Determinants · Determinants

Problem

19. A trust fund has ₹30,000₹ 30,000 that must be invested in two different types of bonds. The first bond pays 5%5 \% interest per year, and the second bond pays 7%7 \% interest per year. Using matrix multiplication, determine how to divide ₹ 30,000 among the two types of bonds. If the trust fund must obtain an annual total interest of: (a) ₹ 1800 (b) ₹ 2000

Related theory

Browse the problem library