Solving Systems with Gaussian Elimination: Apply It

  • Convert between augmented matrices and systems of equations
  • Perform row operations on a matrix.
  • Solve a system of linear equations using row operations.

Apply Matrices to Finance

Carolyn invests a total of $12,000 in two municipal bonds, one paying 10.5% interest and the other paying 12% interest. The annual interest earned on the two investments last year was $1,335. How much was invested at each rate?

Ava invests a total of $10,000 in three accounts, one paying 5% interest, another paying 8% interest, and the third paying 9% interest. The annual interest earned on the three investments last year was $770. The amount invested at 9% was twice the amount invested at 5%. How much was invested at each rate?