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.
Answers
Given : 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.
To find : Using matrix algebra, determine the amount of each investment
Solution:
Let say amount of investment at 6%, 8% and 9% per annum,
is x , y & z respectively
x + y + z = 65000
6x/100 + 8y/100 + 9z/100 = 4800
=> 6x + 8y + 9z = 480000
8y/100 + 600 = 9z/100
=> 8y - 9z = - 60000
x + y + z = 65000
6x + 8y + 9z = 480000
0*x + 8y - 9z = - 60000
=>
| A | = 1 ( 8 *( -9 )- 8 * 9 ) - 1( 6 * (-9) - 0 ) + 1 ( 6 * 8 - 0 )
= -144 + 54 + 48
= -42
A⁻¹ = AdjA / | A |
A₁₁ = (-1)¹⁺¹ (8*(-9) - 8*(9)) = -144
A₁₂ = (-1)¹⁺² (6*(-9) - 0*(9)) = 54
A₁₃ = (-1)¹⁺³(6*8 - 0*(8)) = 48
A₂₁ = (-1)²⁺¹ (1*(-9) - 8*(1)) = 17
A₂₂ = (-1)²⁺² (1*(-9) - 0*(1)) = -9
A₂₃ = (-1)²⁺³(1*8 - 0*(1)) = -8
A₃₁ = (-1)³⁺¹ (1*9 - 8*(1)) = 1
A₃₂ = (-1)³⁺² (1*(9) - 6*(1)) = -3
A₃₃ = (-1)³⁺³(1*8 - 6*(1)) = 2
x = (-1/42) ( -144 * 65000 + 17*480000 + 1 *(-60000)) = 30000
y = (-1/42) (54 * 65000 - 9*480000- 3 *(-60000) ) = 15000
z = (-1/42) (48 * 65000 - 8*480000 + 2 *(-60000) ) = 20000
Incomes are 30000 , 15000 , 20000
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