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Question

A trust fund has Rs 30,000 that must be invested in two different types of bonds. The first bond pays5% 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 anannual total interest of:(a) Rs 18009.(b) Rs 2000

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Solution

99996180830-0-0

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