Precalculus (6th Edition)

Published by Pearson
ISBN 10: 013421742X
ISBN 13: 978-0-13421-742-0

Chapter 9 - Systems and Matrices - Quiz - Page 896: 11

Answer

$1000$, $1500$, and $2500$ dollars for $2\%$, $3\%$, and $4\%$ respectively.

Work Step by Step

1. Assume the amount invested are $x$, $y$, and $z$ dollars for $2\%$, $3\%$, and $4\%$ rates. 2. Based on the given conditions, we have $\begin{cases} x+y+z=5000 \\ z=x+y \\ 0.02x+0.03y+0.04z=165 \end{cases}$ or $\begin{cases} x+y+z=5000 \\ z=x+y \\ 2x+3y+4z=16500 \end{cases}$ 3. Use the second equation in the other two to get $\begin{cases} x+y=2500 \\ 6x+7y=16500 \end{cases}$ 4. Multiply $-6$ to the first equation and add the result to the second to get $y=16500-6(2500)=1500$ 5. Use back-substitution to get $x=2500-y=1000$ and $z=x+y=2500$ 6. the amount invested are $1000$, $1500$, and $2500$ dollars for $2\%$, $3\%$, and $4\%$ rates.
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