This problem involves calculating the total cost of a gift based on a shared contribution that changes when some contributors withdraw.
Ten friends initially planned to share the cost of a gift equally. Let the total cost of the gift be denoted by $C$.
The initial number of friends is 10.
The share per friend initially would be: $ \text{Initial Share} = \frac{C}{10} $
Two friends decided not to contribute. This leaves $10 - 2 = 8$ friends to share the cost.
The new share per contributing friend is: $ \text{New Share} = \frac{C}{8} $
Each of the remaining friends had to pay Rs 150 more than their initial planned share. This gives us the equation:
$ \text{New Share} - \text{Initial Share} = 150 $Substituting the expressions for the shares:
$ \frac{C}{8} - \frac{C}{10} = 150 $To solve for $C$, we first find a common denominator for 8 and 10, which is 40.
Therefore, the total cost of the gift was Rs 6000.
$A$ is an ($n \times n$) matrix. Consider the following two statements
Statement 1: Columns of matrix $A$ are linearly independent
Statement 2: Inverse of matrix $A$ exists
Which one of the following statements is TRUE?