Answer:
Here for points
Step-by-step explanation:
OK first convert one of the equations into Y=MX+b form
Y-2x = 3
Add 2X
Y = 2x +3
Now substitute this equation in the other one.
So it would be
3X - 2Y = 5
3X-2(2x+3) = 5
Now solve for y
3X - 4X - 6 = 5
-1X - 6 = 5
Add 6
-1X = 11
X = -11
Now substitute this into one of the equations
Y - 2X = 3
Y -2(-11) = 3
Y +22 = 3
y = 3-22
y = -19
Answer:
5
Step-by-step explanation:
We know that we have to m<span>ake a down payment of $1500 and finance the rest of $20000 at a 1.9% interest rate, making equal monthly payments for 5 years. Our first step to solve this problem would be to convert 5 years into months.
1 year = 12 months
12 * 5 = 60 months
Therefore, in 5 years there are 60 months.
Now lets solve this problem step by step.
Subtract the down payment from $20,000
</span>$20000-$1500=$18500
Multiply the remaining number by the interest rate.
$18500 *1.9 = $35150
Divide 35150 by number of months in 5 years (60)
$35150 / 60 = $585
<span>Therefore, you have to pay $585 per month. </span>
