A car rental company wants to buy 100 new cars. Compact cars cost $12,000 each, intermediate size cars cost $18,000 each, and full size cars cost $24,000 each, and the company has a $1,500,000 budget. If they purchase twice as many compact cars as intermediated size cars, determine the number of cars of each type that they buy, assuming they spend the entire budget. (Use matrix method

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Matrices

‘Matrices’ is the plural form of the word matrix, and it is basically a spreadsheet in the form of a box. In mathematics, various functions can be carried out with matrices. Generally, a matrix comes in the shape of a square or rectangle. The elements are distributed horizontally in the form of rows, and vertically in the form of columns.