Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

At the beginning of 2151 El, January 1, three siblings Joan, Stonewall and Georgina were given an amount of (3115 SEEN] to be shared and

image text in transcribed
At the beginning of 2151 El, January 1, three siblings Joan, Stonewall and Georgina were given an amount of (3115 SEEN] to be shared and invested in an interest bearing account. Joan was given an amount it, with which she was ahie to negotiate an interest of 5% per annurn. Stonewall was also given an amount v, which he invested in an account that pays an interest of toss per annum. Georgina, on the other hand, was given an amount 2, which she invested in an account that earned her an interest of 3% per annum on her investment. At the end of the year, the three siblings Were able to earn a total interest of GHS 345. In addition, the amount given to Georgina is GHS 42!] more than the amount given to hEI two siblings combined. (i) Write down the three linear equations and represent them in the matrix form AX = B. .5 marks {ii} Find the amount of monev given to each of the 3 siblings using matrix inversion T marks

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Marketing

Authors: Philip R Cateora

13th Edition

0073080063, 9780073080062

More Books

Students also viewed these Economics questions

Question

Why is failing to reject ????0 often an unreliable decision?

Answered: 1 week ago

Question

1. Maintain my own perspective and my opinions

Answered: 1 week ago