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A trust fund has Rs 30000 that must be invested in two different types of bonds. The first bond pays 5% interest per year and the second bond pays 7% interest per year. Using matrix multiplication, determine how to divide R 30000 amoung the two types of bonds, if the trust fund must obtain an annual total interest of (a) Rs 2000 |
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Answer» A trust fund has Rs 30000 that must be invested in two different types of bonds. The first bond pays 5% interest per year and the second bond pays 7% interest per year. Using matrix multiplication, determine how to divide R 30000 amoung the two types of bonds, if the trust fund must obtain an annual total interest of |
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