
122 2 SYSTEMS OF LINEAR EQUATIONS AND MATRICES
42. F
OREIGN
E
XCHANGE
Ethan just returned to the United
States from a Southeast Asian trip and wishes to exchange
the various foreign currencies that he has accumulated for
U.S. dollars. He has 1200 Thai bahts, 80,000 Indonesian
rupiahs, 42 Malaysian ringgits, and 36 Singapore dollars.
Suppose the foreign exchange rates are U.S. $0.03 for one
baht, U.S. $0.00011 for one rupiah, U.S. $0.294 for one
Malaysian ringgit, and U.S. $0.656 for one Singapore
dollar.
a. Write a row matrix A giving the value of the various
currencies that Ethan holds. (Note: The answer is not
unique.)
b. Write a column matrix B giving the exchange rates for
the various currencies.
c. If Ethan exchanges all of his foreign currencies for U.S.
dollars, how many dollars will he have?
43. F
OREIGN
E
XCHANGE
Kaitlin and her friend Emma returned to
the United States from a tour of four cities: Oslo, Stock-
holm, Copenhagen, and Saint Petersburg. They now wish to
exchange the various foreign currencies that they have accu-
mulated for U.S. dollars. Kaitlin has 82 Norwegian krones,
68 Swedish krones, 62 Danish krones, and 1200 Russian
rubles. Emma has 64 Norwegian krones, 74 Swedish krones,
44 Danish krones, and 1600 Russian rubles. Suppose the
exchange rates are U.S. $0.1651 for one Norwegian krone,
U.S. $0.1462 for one Swedish krone, U.S. $0.1811 for one
Danish krone, and U.S. $0.0387 for one Russian ruble.
a. Write a 2 4 matrix A giving the values of the various
foreign currencies held by Kaitlin and Emma. (Note:
The answer is not unique.)
b. Write a column matrix B giving the exchange rate for
the various currencies.
c. If both Kaitlin and Emma exchange all their foreign cur-
rencies for U.S. dollars, how many dollars will each
have?
44. R
EAL
E
STATE
Bond Brothers, a real estate developer, builds
houses in three states. The projected number of units of
each model to be built in each state is given by the matrix
Model
I II III IV
N.Y.
A Conn.
Mass.
The profits to be realized are $20,000, $22,000, $25,000,
and $30,000, respectively, for each model I, II, III, and IV
house sold.
a. Write a column matrix B representing the profit for each
type of house.
b. Find the total profit Bond Brothers expects to earn in
each state if all the houses are sold.
45. C
HARITIES
The amount of money raised by charity I, char-
ity II, and charity III (in millions of dollars) in each of the
years 2006, 2007, and 2008 is represented by the matrix A:
£
60 80 120 40
20 30 60 10
10 15 30 5
§
Charity
I II III
A
On average, charity I puts 78% toward program cost, char-
ity II puts 88% toward program cost, and charity III puts
80% toward program cost. Write a 3 1 matrix B reflect-
ing the percentage put toward program cost by the chari-
ties. Then use matrix multiplication to find the total
amount of money put toward program cost in each of the
3 yr by the charities under consideration.
46. B
OX
-O
FFICE
R
ECEIPTS
The Cinema Center consists of four
theaters: cinemas I, II, III, and IV. The admission price for
one feature at the Center is $4 for children, $6 for students,
and $8 for adults. The attendance for the Sunday matinee
is given by the matrix
Children Students Adults
Cinema I
Cinema II
A
Cinema III
Cinema IV
Write a column vector B representing the admission prices.
Then compute AB, the column vector showing the gross
receipts for each theater. Finally, find the total revenue
collected at the Cinema Center for admission that Sunday
afternoon.
47. P
OLITICS
: V
OTER
A
FFILIATION
Matrix A gives the percentage
of eligible voters in the city of Newton, classified accord-
ing to party affiliation and age group.
Dem. Rep. Ind.
Under 30
A 30 to 50
Over 50
The population of eligible voters in the city by age group is
given by the matrix B:
Under 30 30 to 50 Over 50
B ”30,000 40,000 20,000’
Find a matrix giving the total number of eligible voters in
the city who will vote Democratic, Republican, and Inde-
pendent.
48. 401(
K
) R
ETIREMENT
P
LANS
Three network consultants,
Alan, Maria, and Steven, each received a year-end bonus
of $10,000, which they decided to invest in a 401(k) retire-
ment plan sponsored by their employer. Under this plan,
employees are allowed to place their investments in three
funds: an equity index fund (I), a growth fund (II), and a
global equity fund (III). The allocations of the investments
(in dollars) of the three employees at the beginning of the
year are summarized in the matrix
£
0.50 0.30 0.20
0.45 0.40 0.15
0.40 0.50 0.10
§
≥
225
110
50
75
180
225
280
85
110
0
250
225
¥
£
18.2 28.2 40.5
19.6 28.6 42.6
20.8 30.4 46.4
§
2006
2007
2008
87533_02_ch2_p067-154 1/30/08 9:43 AM Page 122