aamount if 65000 is invested in three investment at the rate of 6%,8%and 9% per annum respectively.the total income is 4800 the income frim third investment is rs.600 more than incom efrom second investment.using matrix algerba, determine the amount of each investments
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Answer:
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Answer:
Step-by-step explanation:
an amount of 65,000 is invested in three bonds at the rates of 6 % , 8 %, and 10% per annum respectively
amount invested = rs 65000
bond 1 = rs 1000 a
bond 2 = rs 1000 b
bond 3 = 65000 - 1000a - 1000b = 1000(65 - a -b) rs
income from bond 1 = (6/100)* 1000a = 60a rs
income from bond 2 = (8/100) * 1000b = 80b rs
income from bond 3 = (10/100) * 1000(65-a-b) = 100(65 - a - b) rs
60a + 80b + 100(65 - a - b) = 4800
=> 40a + 20b = 1700
=> 2a + b = 85 - eq 1
100(65-a-b) = 600 + 80b
=> 100a + 180b = 5900
=> 5a + 9b = 295 - eq 2
9 * eq1 - eq2
13a = 470
=> a = 470/13
2(470/13) + b = 85
=> b = 165/13
first bond = 1000a = 47/13 = rs 36153.85
second bond = 1000b = 165000/13 = rs 12692.30
bond = 1000( 65 - 470/13 - 165/13) = 21/13 = rs 16153.85