Answer:
Simple interest, specifically in bank offers a grace period of six days, which gives time to payback. When saving money or investing, if the interest rate is high then the customer benefits. The disadvantages in simple interest are that if the interest rate is high then the borrower will pay more.
Answer:
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Step-by-step explanation:
The system of equation which represent the scenario is;
x + y = 42
x + y = 420.13x + 0.18y = 6.66
<h3>Simultaneous equation</h3>
let
- number of 13 cent stamps = x
- number of 18 cent stamps = y
- Total cost of the stamps = $6.66
- Total number of stamps = 42
x + y = 42
x + y = 420.13x + 0.18y = 6.66
Therefore, the equation which represent the problem is;
x + y = 42
0.13x + 0.18y = 6.66
Learn more about simultaneous equation:
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