Substitution method for solving the equations

Reference no: EM1314164

Question: Make a system of equations to solve the following problem. Be sure to identify what the variables represent. Then find the solution.

Ms. Jones purchased a total of $45,000 in bonds, stocks & money market funds. The total she invested in bonds & money market funds was twice the amount she invested in stocks. The return rates on the stocks, bonds, & money market funds were 10.0%, 7.0%, & 7.5%, respectively. The total value of the return was $3,660. How much of each investment (bonds, stocks & money market funds) did Ms. Jones purchase?

Reference no: EM1314164

Questions Cloud

Objective type questions on payback period and npv and irr : Objective type questions on payback period, NPV and IRR and What is the internal rate of return that Turnbull can earn on this project

Computation of selection of the project : Computation of selection of the project and evaluating two mutually exclusive projects and Costs and cash flows are given in the following table

Computation of net present value and cost and cash flows : Computation of Net present value and Cost and Cash flows are shown in the table

Use the gauss jordan : Use the Gauss Jordan method to solve the equation.

Substitution method for solving the equations : Substitution method for solving the equations

Reducing the augmented matrix : Reducing the augmented matrix

Reduce matrix to its reduced echelon form : Reduce matrix to its reduced echelon form.

Solving the equation : solving the equation

Find the feasible region : Finding the feasible region.

Reviews

Write a Review

Required(*) Message

Algebra Questions & Answers

Make a linear equation

Assume you have a lemonade stand, & when you charge $1 per cup of lemonade you sell 50 cups. But when you raise your price to $2 you only sell 25 cups. Make an equation for the number of cups you sell as a function of the price you charge. Denote "C"..

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

User Account

All Pages