Matrices and a word problem
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Gretchen Schmidt plans to buy shares of two stocks. One costs $32 per share and pays dividends of $1.20 per share. The other costs $23 per share and pays dividends of $1.40 per share. She has $10,100 to spend and wants to earn dividends of $540. How many share of each stock should she buy?
Use the form of " AX=B " equation.
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Solution Summary
This provides an example of using matrices to solve a word problem.
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