Q)
A trust fund has Rs 30,000 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 Rs 30,000 among the two types of bonds. If the trust fund must obtain an annual total interest of: $$ \text{(a) Rs 1800} \qquad \qquad \text{(b) Rs 2000} $$
1 Answer
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