andan has a total of 50000 investment in three different investment schemes: part in a fixed deposit paying 6% annually; part in government security bonds paying 7% annually, and remaining in mutual funds paying 11% annually. Nandan invested 10000 more in fixed deposit than he invested in mutual funds. The annual returns on Nandan’s three investment amounted to 4600. a. Write the system of linear equations for the given scenario. b. Write the resultant system in matrix form. c. Determine the amount he invested in each type of investment schemes. d. Compute the amount he earned from each investment schemes when the total amount invested and total annual returns are 40000 and 3120 respectively. 5 5
andan has a total of 50000 investment in three different investment schemes: part in a fixed deposit paying 6% annually; part in government security bonds paying 7% annually, and remaining in mutual funds paying 11% annually. Nandan invested 10000 more in fixed deposit than he invested in mutual funds. The annual returns on Nandan’s three investment amounted to 4600. a. Write the system of linear equations for the given scenario. b. Write the resultant system in matrix form. c. Determine the amount he invested in each type of investment schemes. d. Compute the amount he earned from each investment schemes when the total amount invested and total annual returns are 40000 and 3120 respectively. 5 5
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Nandan has a total of 50000 investment in three different investment schemes: part in a fixed deposit paying 6% annually; part in government security bonds paying 7% annually, and remaining in mutual funds paying 11% annually. Nandan invested 10000 more in fixed deposit than he invested in mutual funds. The annual returns on Nandan’s three investment amounted to 4600. a. Write the system of linear equations for the given scenario. b. Write the resultant system in matrix form. c. Determine the amount he invested in each type of investment schemes. d. Compute the amount he earned from each investment schemes when the total amount invested and total annual returns are 40000 and 3120 respectively. 5 5
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