Share
Explore BrainMass

Matrices and a word problem

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.

Solution Summary

This provides an example of using matrices to solve a word problem.

$2.19