T us assume the two numbers to be "x" and "y".
Then
2x + y = 310
And
x - y = 55
Let us take the second equation and find the value of x in relation to y.
x - y = 55
x = y + 55
Now let us put the value of x in the first equation, we get
2x + y = 310
2(y + 55) + y = 310
2y + 110 + y = 310
3y = 310 - 110
3y = 200
y = 200/3
= 66 2/3
Now putting the value of y in the second equation, we get
x - y = 55
x - (200/3) = 55
3x - 200 = 55 * 3
3x = 165 + 200
x = 365/3
= 121 2/3
So the value of x is 121 2/3 and the value of y is 66 2/3
Answer:
C:2 gallons per minute
Step-by-step explanation:
He actually borrowed P=21349-3000=18349 (present value)
Assume the monthly interest is i.
then future value due to loan:
F1=P(1+i)^n=18349(1+i)^(5*12)=18349(1+i)^60
future value from monthly payment of A=352
F2=A((1+i)^n-1)/i=352((1+i)^60-1)/i
Since F1=F2 for the same loan, we have
18349(1+i)^60=352((1+i)^60-1)/i
Simplify notation by defining R=1+i, then
18349(R^60)-352(R^60-1)/(R-1)=0
Simplify further by multiplication by (R-1)
f(R)=18349*R^60*(R-1)-352(R^60-1)=0
Solve for R by trial and error, or by iteration to get R=1.004732
The APR is therefore
12*(1.004732-1)=0.056784, or 5.678% approx.
