Set up the system of equations and then solve it by using inverse matrices.
Investment A company offers three mutual fund plans for its employees. Plan I consists of 4 blocks of common stock and 2 municipal bonds. Plan II consists of 8 blocks of common stock, 4 municipal bonds, and 6 blocks of preferred stock. Plan III consists of 14 blocks of common stock, 6 municipal bonds, and 6 blocks of preferred stock. An employee wants to combine these plans so that she has 82 blocks of common stock, 38 municipal bonds, and 36 blocks of preferred stock. How many units of each plan does she need?

Question

Set up the system of equations and then solve it by using inverse matrices. ​
Investment A company offers three mutual fund plans for its employees. Plan I consists of 4 blocks of common stock and 2 municipal bonds. Plan II consists of 8 blocks of common stock, 4 municipal bonds, and 6 blocks of preferred stock. Plan III consists of 14 blocks of common stock, 6 municipal bonds, and 6 blocks of preferred stock. An employee wants to combine these plans so that she has 82 blocks of common stock, 38 municipal bonds, and 36 blocks of preferred stock. How many units of each plan does she need?
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Quizplus · Accepted Answer

The Answer of Set up the system of equations and then solve it by using inverse matrices. ​
Investment A company offers three mutual fund plans for its employees. Plan I consists of 4 blocks of common stock and 2 municipal bonds. Plan II consists of 8 blocks of common stock, 4 municipal bonds, and 6 blocks of preferred stock. Plan III consists of 14 blocks of common stock, 6 municipal bonds, and 6 blocks of preferred stock. An employee wants to combine these plans so that she has 82 blocks of common stock, 38 municipal bonds, and 36 blocks of preferred stock. How many units of each plan does she need?
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Set Up the System of Equations and Then Solve It