InterviewSolution
Saved Bookmarks
| 1. |
19. A trust fund has Rs. 30,000 that has to be invested in two different types of bonds. The first bondinpays 5 percent interest per year and the second bond pays 7 percent interest per year. Using matrixmultiplication, determine how to divide Rs. 30,000 among the two types of bonds if the fund mustobtain an annual interest of (a) Rs. 1800 (b) Rs. 2000 (c) Rs. 1600. |
| Answer» | |