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BM Assignment Solutions

Marina had RM24,500 to invest across three accounts with annual interest rates of 4%, 5.5%, and 6%. She invested four times as much in the 4% account as the 5.5% account. Her total interest earned was RM1,300. By setting up two equations relating the amounts invested and interest earned, we can determine she invested RM2,000 in the 5.5% account, RM8,000 in the 4% account, and RM14,500 in the 6% account.

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Mir Mazar Marri
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385 views

BM Assignment Solutions

Marina had RM24,500 to invest across three accounts with annual interest rates of 4%, 5.5%, and 6%. She invested four times as much in the 4% account as the 5.5% account. Her total interest earned was RM1,300. By setting up two equations relating the amounts invested and interest earned, we can determine she invested RM2,000 in the 5.5% account, RM8,000 in the 4% account, and RM14,500 in the 6% account.

Uploaded by

Mir Mazar Marri
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Q1

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Marina had RM24,500 to invest.
She divided the money into three different accounts.
At the end of the year, she had made RM1,300 in interest.
The annual yield on each of the three accounts was 4%, 5.5%, and 6
%.
If the amount of money in the 4% account was four times the amount
of money in the 5.5% account, how much had she placed in each acco
unt?
:
let a = amt in the 4% acct
let b = amt in the 5.5% acct
let c = amt in the 6%
:
"Marina had RM 24,500 to invest."
a + b + c = 24500
" At the end of the year, she had made RM1,300 in interest. The an
nual yield on each of the three accounts was 4%, 5.5%, and 6%."
.04a + .055b + .06c = 1300
"If the amount of money in the 4% account was four times the amoun
t of money in the 5.5% account,"
a = 4b
how much had she placed in each account?
:
Replace a with 4b in both equations, simplify
4b + b + c = 24500
5b + c = 24500

c = -5b + 24500
:
.04(4b) + .055b + .06c = 1300
.16a + .055b + .06c = 1300
.215b + .06c = 1300
replace c with (-5b+24500)
.215b + .06(-5b+2400) = 1300
.215b - .3b + 1470 = 1300
-.085b = 1300 - 1470
b = -170/-.085
b = $2000 in the 5.5% investment
then
c = -5(2000) + 24500
c = -10000 + 24500
c = $14,500 in the 6%
Find a using the 1st equation, replace b & c
a + 2000 + 14500 = 24500
a = 24500 - 16500
a = $8000 in the 4% acct

Q2

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Answer by stanbon(74939) (Show Source):


You can put this solution on YOUR website!
Billy's restaurant ordered 200 flowers for Mother's Day. They ordered carna
tions at $1.50 each, roses at $5.75 each, and daisies at $2.60 each. they o
rdered mostly carnations, and 20 fewer roses than daisies. the total order ca
me to $589.50. How do i find out how many of each type of flower was orde
red?
------------------------
Quantity Eq: c + r + d = 200
Value Eq:::1.5c+5.75r+2.6d = 589.5 dollars
r = d-20
c = 200-d-(d-20) = 200-2d+20 = 220-2d
---
Three Equations:
1.5c+5.75r+2.6d = 589.5 dollars
c......0*r..+2d...= 220

c + r + d = 200
--------------------
I used a Matrix Method to get:
c = 80 (# of carnations-
r = 50 (# of roses)
d = 70 (# of daisies)

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