SOLUTION: Solving a system of equations word problems using matrices
Suppose you invested $10,000, part at 6% annual interest and the rest at 9% annual
interest. If you received a total of
Question 1159505: Solving a system of equations word problems using matrices
Suppose you invested $10,000, part at 6% annual interest and the rest at 9% annual
interest. If you received a total of $684 in interest after one year, how much did you
invest at each rate? Found 2 solutions by Boreal, greenestamps:Answer by Boreal(15235) (Show Source):
You can put this solution on YOUR website! not using a matrix unless one wants to make a table
x at. 6% for .06x
10000-x at 9% for 900-.09x
.06x+900-.09x=684
-.03x=-216
x=7200 @ 6% for $432
10000-x=2800@9% for $252