Question

What method of matrixes would be used for this question? ( Inverse Matrices, Cramer's Rule, Gaussian Elimination, and Gauss-Jordan Elimination)

John had $24,500 to invest. He divided the money into three different accounts. At the end of the first year he had made a total of $1,300 in interest between the three accounts. If the first account earned 4% interest on its original amount for the year, the second account earned 5.5% interest on its original amount for the year, and the third account earned 6% interest on its original amount for the year. Also, the amount of money in the first account was 4 times the amount in the second account. How much had he originally placed in each account?

Answer 1

The method of matrixes that would be used for this question is Gaussian Elimination.

Explanation:

Gaussian Elimination is a method of solving linear equations by transforming them into upper triangular form. In this case, we want to solve for the original amount of money placed in each account, which can be represented by variables x, y, and z. We can set up the equations as follows:

4x + 5.5y + 6z = 1,300

x + y + z = 24,500

4x = y

We can then use Gaussian Elimination to solve for x, y, and z.