Bianca J.

asked • 05/28/16

Using matrices to solve

An inheritance of $20,000 is divided among three investments yielding $1780 in simple interest per year. The interest rates for the three investments are 7%, 9%, and 11%. Find the amount of each investment if the second and third were $3000 and $1000 less than the first, respectively.

1 Expert Answer

By:

Mark O. answered • 05/29/16

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