Lillian deposits $1,600 in an account at Excellence Bank. Find the amount of interest earned and the total value of her account
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We are given a system of equations,
This will translate into a 2x2 matrix of coefficients (because 2 equations and 2 unknowns),
The matrix will then be applied to the vector (lower dimensions on top),
And the result vector will be whats on the other side of equals sign,
So to put everything together,
Hope this helps :)