The monthly incomes of Aryan and Babban are in the ratio 3 : 4 and their monthly expenditures are in the ratio 5 : 7. If each saves Rs 15,000 per month, find their monthly incomes using matrix method. This problem reflects which value?
Solution
Let the monthly incomes of Aryan and Babban be 3x and 4x, respectively.
Suppose their monthly expenditures are 5y and 7y, respectively.
Since each saves Rs 15,000 per month
Monthly saving of Aryan: 3x−5y=15,000
Monthly saving of Babban: 4x−7y=15,000
The above system of equations can be written in the matrix form as follows:
`[(3,5),(4,-7)][(x),(y)]=[(15000),(15000)]`
or
AX = B, where
`A=[(3,-5),(4,-7)],X=[(x),(y)]`
Now,
`|A|=|(3,-5),(4,-7)|=-21-(-20)=-1`
Adj `A=[(-7,-4),(5,3)]^T=[(-7,5),(-4,3)]`
So,
`A^(-1)=1/|A|adjA=-1[(-7,5),(-4,3)]=[(7,-5),(4,-3)]`
∴ X = A-1B
`=>[(x),(y)]=[(7,-5),(4,-3)][(15000),(15000)]`
`=>[(x),(y)]=[(105000,-75000),(60000,-45000)]`
`=>[(x),(y)]=[(30000),(15000)]`
⇒ x=30,000 and y=15,000
Therefore,
Monthly income of Aryan = 3×Rs 30,000=Rs 90,000
Monthly income of Babban = 4×Rs 30,000= Rs 1,20,000
From this problem, we are encouraged to understand the power of savings. We should save certain part of our monthly income for the future
