Question
Sharon recently won one million Kenya Shillings in a recent competition. She decided to invest all the money in three accounts (Gold, Bronze and Silver)
Sharon recently won one million Kenya Shillings in a recent competition. She decided to invest all the money in three accounts (Gold, Bronze and Silver) for one year. The Bronze account pays 3% compounded annually, the Gold account pays 4% compounded annually, and the silver account pays 2% compounded annually. After one year, she earned Ksh 34,000 in interest. She invested four times the money into the Bronze account, that pays 3%, compared to Silver account that pays 2%. Use matrix inverse method to determine how much she invested in each account
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