Find the annual interest rate paid on this loan: interest=$75 principal=$5,000 time=3 months
1 answer:
You might be interested in
<h3>Answer:</h3>
(x, y) = (7, -5)
<h3>Step-by-step explanation:</h3>It generally works well to follow directions.
The matrix of coefficients is ...
Its inverse is the transpose of the cofactor matrix, divided by the determinant. That is ...
So the solution is the product of this and the vector of constants [-6, -50]. That product is ...
... x = (3·(-6) +(-4)(-50))/26 = 7
... y = (5·(-6) +2·(-50))/26 = -5
The solution using inverse matrices is ...
... (x, y) = (7, -5)
You weren't clear on the equation so I did it both ways. It didn't really matter though because both equations had the same answer. ♀️
