(c) In the previous year, at Hub Motors ltd, for a particular model of Mercedes, Nissan and Ford, one could purchase (in million shillings) all three cars for a total of Ksh 152. This year, due to inflation, the same cars would cost Ksh 171. The cost of the Mercedes increased by 8.5%, the Nissan by 6.5%, and the Ford by 12.5%. If the price of last year's Nissan was Ksh 7 less than the price of last year's Mercedes, Use matrix inverse to find the price of each of the three cars last year. (Your matrix should be a three by three)
(c) In the previous year, at Hub Motors ltd, for a particular model of Mercedes, Nissan and Ford, one could purchase (in million shillings) all three cars for a total of Ksh 152. This year, due to inflation, the same cars would cost Ksh 171. The cost of the Mercedes increased by 8.5%, the Nissan by 6.5%, and the Ford by 12.5%. If the price of last year's Nissan was Ksh 7 less than the price of last year's Mercedes, Use matrix inverse to find the price of each of the three cars last year. (Your matrix should be a three by three)
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...
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(c)In the previous year, at Hub Motors ltd, for a particular model of Mercedes, Nissan and Ford, one could purchase (in million shillings) all three cars for a total of Ksh 152. This year, due to inflation, the same cars would cost Ksh 171. The cost of the Mercedes increased by 8.5%, the Nissan by 6.5%, and the Ford by 12.5%. If the price of last year’s Nissan was Ksh 7 less than the price of last year’s Mercedes, Use matrix inverse to find the price of each of the three cars last year. (Your matrix should be a three by three)
Transcribed Image Text:(c) In the previous year, at Hub Motors ltd, for a particular model of Mercedes, Nissan and Ford, one
could purchase (in million shillings) all three cars for a total of Ksh 152. This year, due to inflation,
the same cars would cost Ksh 171. The cost of the Mercedes increased by 8.5%, the Nissan by
6.5%, and the Ford by 12.5%. If the price of last year's Nissan was Ksh 7 less than the price of last
year's Mercedes, Use matrix inverse to find the price of each of the three cars last year. (Your
matrix should be a three by three)
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