Question

A trust fund has ₹ 35,000 is to be invested in two different types of bonds. The first bond pays 8% interest per annum which will be given to orphanage and second bond pays 10% interest per annum which will be given to an N.G.O. (Cancer Aid Society). Use matrix multiplication, determine how to divide ₹ 35,000 among two types of bonds if the trust fund obtains an annual total interest of ₹ 3,200.

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