document.write( "Question 129339: Using matrix calculations, solve the following problem. Show Your Work. \r
\n" ); document.write( "\n" ); document.write( "A total of $50,000 is invested in three funds paying 6%, 8%, and 10% simple interest. The yearly interest is $3,700. Twice as much money is invested at 6% as invested at 10%. How much is invested in each of the funds.\r
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\n" ); document.write( "\n" ); document.write( "set up the 3 linear equations in 3 variables
\n" ); document.write( "put the coefficients into a matrix
\n" ); document.write( "solve the matrix using any method you like
\n" ); document.write( "provide the solutions for x, y, and z. \r
\n" ); document.write( "\n" ); document.write( "I have two equations already which are:
\n" ); document.write( ".06x+.08y+.10z=3,700
\n" ); document.write( "x+y+z=50,000
\n" ); document.write( "How and where do I get the last equation? I am not really sure what to do with this problem from here. Can someone please help me. I have been at this all day. Thank you
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Algebra.Com's Answer #94483 by stanbon(75887)\"\" \"About 
You can put this solution on YOUR website!
Using matrix calculations, solve the following problem. Show Your Work.
\n" ); document.write( "A total of $50,000 is invested in three funds paying 6%, 8%, and 10% simple interest. The yearly interest is $3,700. Twice as much money is invested at 6% as invested at 10%. How much is invested in each of the funds. \r
\n" ); document.write( "\n" ); document.write( "set up the 3 linear equations in 3 variables
\n" ); document.write( "put the coefficients into a matrix
\n" ); document.write( "solve the matrix using any method you like
\n" ); document.write( "provide the solutions for x, y, and z
\n" ); document.write( "----------------------------
\n" ); document.write( "Quantity Equation: x + y + z = 50,000
\n" ); document.write( "Interest EQUATION:0.06x + 0.08y + 0.10z = 3700
\n" ); document.write( "Relation Equation: x + 0 - 2z = 0
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\n" ); document.write( "Using the Matrix function of a TI calculator I got:
\n" ); document.write( "x = 30000
\n" ); document.write( "y = 5000
\n" ); document.write( "z = 15000
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\n" ); document.write( "Cheers,
\n" ); document.write( "Stan H.
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