Gary has a love for antique furniture, which includes a collection of rare chairs. His most prized chairs are a Victorian Armchair (1853) and a Regency Armchair (1859). The Victorian Armchair has appreciated 28% and the Regency Armchair 25% since he purchased them, and together they are now worth $17,100. 

1. If he paid a total of $13,507.50 at auction for both chairs, what was the original price of each? 
2. (Formulate a system of equations and solve it by utilizing the inverse matrix method.)

Answer rating: 100% (QA)

Lets assume the original price of the Victorian Armchair is V dollars and the original price of the ... View the full answer