A scholarship is a sum of money provided to a student to help him or her pay for education. Some students are granted scholarships based on their academic achievements, while others are rewarded based on their financial needs.
Every year a school offers scholarships to girl children and meritorious achievers based on certain criteria. In the session 2022–23, the school offered monthly scholarships of ₹3,000 each to some girl students and ₹4,000 each to meritorious achievers in academics as well as sports.
In all, 50 students were given the scholarships, and the monthly expenditure incurred by the school on scholarships was ₹1,80,000.
Based on the above information, answer the following questions:
Recalculate the expenditure:
If the scholarship amounts are interchanged, girl students receive ₹4,000, and meritorious achievers receive ₹3,000.
The expenditure becomes: \[ {Expenditure} = 30(3000) + 20(4000) = 90000 + 80000 = 170000. \]
An amount of ₹ 10,000 is put into three investments at the rate of 10%, 12% and 15% per annum. The combined annual income of all three investments is ₹ 1,310, however, the combined annual income of the first and second investments is ₹ 190 short of the income from the third. Use matrix method and find the investment amount in each at the beginning of the year.
If \[ A = \begin{bmatrix} 1 & 2 & 0 \\ -2 & -1 & -2 \\ 0 & -1 & 1 \end{bmatrix} \] then find \( A^{-1} \). Hence, solve the system of linear equations: \[ x - 2y = 10, \] \[ 2x - y - z = 8, \] \[ -2y + z = 7. \]