subject
Mathematics, 21.02.2020 17:51 kimjooin02

One safe investment pays 10% per year and a more risky investment pays 18% per year. A woman has $145,600 to invest and would like to have an income of $20,000 per year from her investments. How much should she invest at each rate? a.) Write the necessary equations. b.) Convert the equations to coefficient and variable matrices. c.) Solve this problem using inverse matrices and find the inverse using the Gauss-Jordan Method. d.) How much should she invest at each rate.

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 16:30
Can someone me with this problem . show your work .
Answers: 1
question
Mathematics, 21.06.2019 16:30
Which of these is and example of a literal equation? a) 6+30=6^2 b)3x-4y c)12=9+3x d)ax-by=k
Answers: 3
question
Mathematics, 21.06.2019 17:00
The sum of the reciprocal of a positive number and the reciprocal of 2 more than the number is 3/4 equation: the number is
Answers: 2
question
Mathematics, 21.06.2019 19:00
Through non-collinear points there is exactly one plane.
Answers: 1
You know the right answer?
One safe investment pays 10% per year and a more risky investment pays 18% per year. A woman has $14...
Questions
question
Mathematics, 11.03.2021 21:20
question
Mathematics, 11.03.2021 21:20
Questions on the website: 13722367