A small shoe company took out a loan of $1,500,000 to expand their inventory. Part of the money was borrowed at 7%, part was borrowed at 8%, and part was borrowed at 10%. The amount borrowed at 10% was four times the amount borrowed at 7%, and the annual interest on all three loans was $130,500. Use matrices to find the amount borrowed at each rate.
An augmented matrix is one that contains the coefficients and constants of a system of equations. See
[link] .
A matrix augmented with the constant column can be represented as the original system of equations. See
[link] .
Row operations include multiplying a row by a constant, adding one row to another row, and interchanging rows.
We can use Gaussian elimination to solve a system of equations. See
[link] ,
[link] , and
[link] .
Row operations are performed on matrices to obtain row-echelon form. See
[link] .
To solve a system of equations, write it in augmented matrix form. Perform row operations to obtain row-echelon form. Back-substitute to find the solutions. See
[link] and
[link] .
A calculator can be used to solve systems of equations using matrices. See
[link] .
Many real-world problems can be solved using augmented matrices. See
[link] and
[link] .
Section exercises
Verbal
Can any system of linear equations be written as an augmented matrix? Explain why or why not. Explain how to write that augmented matrix.
Yes. For each row, the coefficients of the variables are written across the corresponding row, and a vertical bar is placed; then the constants are placed to the right of the vertical bar.
Is there only one correct method of using row operations on a matrix? Try to explain two different row operations possible to solve the augmented matrix
No, there are numerous correct methods of using row operations on a matrix. Two possible ways are the following: (1) Interchange rows 1 and 2. Then
(2)
Then divide row 1 by 9.
is it possible to leave every good at the same level
Joseph
I don't think so. because check it, if the demand for chicken increases, people will no longer consume fish like they used to causing a fall in the demand for fish
Anuolu
is not really possible to let the value of a goods to be same at the same time.....
Salome
Suppose the inflation rate is 6%, does it mean that all the goods you purchase will cost
6% more than previous year? Provide with reasoning.
Not necessarily. To measure the inflation rate economists normally use an averaged price index of a basket of certain goods. So if you purchase goods included in the basket, you will notice that you pay 6% more, otherwise not necessarily.
Good day
How do I calculate this question: C= 100+5yd G= 2000 T= 2000 I(planned)=200.
Suppose the actual output is 3000. What is the level of planned expenditures at this level of output?
I am Camara from Guinea west Africa... happy to meet you guys here
Sekou
ma management ho
Amisha
ahile becheclor ho
Amisha
hjr ktm bta ho
ani k kaam grnu hunxa tw
Amisha
belatari
Amisha
1st year ho
Amisha
nd u
Amisha
ahh
Amisha
kaha biratnagar
Amisha
ys
Amisha
kina k vo
Amisha
money as unit of account means what?
Kalombe
A unit of account is something that can be used to value goods and services and make calculations
Jim
all of you please speak in English I can't understand you're language
Muhammad
I want to know how can we define macroeconomics in one line
Muhammad
it must be .9 or 0.9
no Mpc is greater than 1
Y=100+.9Y+50
Y-.9Y=150
0.1Y/0.1=150/0.1
Y=1500
Kalombe
Mercy is it clear?😋
Kalombe
hi can someone help me on this question
If a negative shocks shifts the IS curve to the left, what type of policy do you suggest so as to stabilize the level of output?
discuss your answer using appropriate graph.
