A bank says you can double your money in 8 years if you put $2,000 In a simple interest account. what annual interest rate does
2 answers:
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John sold 18 general admission tickets and 11 VIP tickets.
Step-by-step explanation:
Given,
Cost of each general admission = $50
Cost of each VIP ticket = $55
Total tickets sold = 29
Total revenue generated = $1505
Let,
x represent the number of general admission tickets sold
y represent the number of VIP tickets.
x+y=29 Eqn 1
50x+55y=1505 Eqn 2
Multiplying Eqn 1 by 50
Subtracting Eqn 3 from Eqn 2
Dividing both sides by 5
Putting y=11 in Eqn 1
John sold 18 general admission tickets and 11 VIP tickets.
Keywords: linear equation, elimination method
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