Answer:
2.8 years or 33.6 months.
Step-by-step explanation:
I am not sure what your questions is, but I assume it is how long it will take to pay it off?
In a year (15*12,) you would have paid $180 of it.
x = 500/180
Therefore, it will take you approximately 2.8 years to pay off your loan, excluding interest, of course, since you did not provide that rate.
The best method for solving the system of linear equation is by the use of algebraic methods.
The system of linear equations can be solved by using the method of simultaneous equations. Here we are given two equations and two unknown variables. We can solve the same by eliminating one of the variables and then either adding or subtracting, find the value of the other variable. Once we know the value of one variable, then we can substitute its value in any one given equation and find the second variable. This method is said to be accurate and does not involve any error.
Hence answer is : USE ALGEBRAIC METHODS
