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Question 2 ( a ) A small retail store observes a steady increase in the number of customers over the past few months. The store
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a A small retail store observes a steady increase in the number of customers over the past few months. The store manager recorded the number of customers served each month, starting from January to June, as follows:
tableMonthJanuary,February,March,April,May,JuneCustomers
i Using the formula for the term, find the number of customers the store served in December if the trend continues.
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ii Find the total number of customers the store served from January to December.
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b An investor has invested in three types of bonds: Corporate bonds, Government bonds, and Municipal bonds. Let and represent the amounts invested in thousands of dollars in each type of bond, respectively. The investor has the following constraints:
The total investment amount is thousand Ghana Cedis.
The investor allocates three times as much money in Corporate bonds as in Municipal bonds.
The investment in Government bonds should be thousand Ghana Cedis more than in Corporate bonds.
i Generate the system of linear equations representing the above constraints.
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ii Represent the system of equations in a matrix form
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iii Find the determinant of the matrix
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ii Hence, find the amounts invested in each type of bond.
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