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AlgebraQ&A LibraryA trust fund has $ 30,000 that must be invested in two different types of bonds. The first bond pays 5% interest per year, and the second bond pays 7% interest per year. Using matrix multiplication, determine how to divide $ 30,000 among the two types of bonds. If the trust fund must obtain an annual total interest of:(a) $1800 (b) $2000Start your trial now! First week only $4.99!*arrow_forward*

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A trust fund has $ 30,000 that must be invested in two different types of bonds. The first bond pays 5% interest per year, and the second bond pays 7% interest per year. Using matrix multiplication, determine how to divide $ 30,000 among the two types of bonds. If the trust fund must obtain an annual total interest of:

(a) $1800 (b) $2000

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