If the sales tax in your city is 4.4%, and an item costs
1 answer:
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Answer:
The solution is (3,13) and (-1,-3). So none of the mentioned options is correct.
Step-by-step explanation:
Given that
Now, by susbstituting the value of 'y' from equation i to equation ii, we get
Now by factorization, equation iii can be written as
x = 3 and x = -1
By putting the values of x in equation i, we get
y = 4(3) + 1
y = 12 +1
y = 13
and
y = 4(-1) + 1
y = -4 +1
y = -3
Therefore, the solution is (3,13) and (-1,-3). So none of the mentioned options is correct.
Answer : The duration of the loan is, 6 months
Step-by-step explanation :
First we have to determine the discounted money.
Discounted money = $850 - $800 = $50
Thus, interest = $50
Now we have to determine the time of loan.
Formula used :
where,
P = principle
R = interest rate
T = time
S.I = simple interest
Now put all the given values in the above formula, we get:
For 1 year :
For 12 months :
Thus, the duration of the loan is, 6 months