If I put $150 in an account that earns 6% compounded yearly, how much will there be in the account at the end of 15 years?
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Basically you're solving for both variables here.
I prefer elimination method so that is what I used.
I started off by multiplying each equation in order to get one of the variables at the same value so it would be possible to cancel it out.
Multiplying the first equation by 3 gave me,
12x + 15y = 69
Then I multiplied the second equation by 4,
-12x + 28y = -56
As you can see, it's not possible to cancel out the x variable.
12x + 15y = 69
+(-12x + 28y = -56)
_____________
13y = 13
Then just solve for y which gives you -1.
After you have one variable solved simply insert it into one of the original equations to find the other variable.
4x + 5(-1) = 23
4x - 5 = 23
4x = 28
x = 7.
And there you have it! Hope this helped!
I prefer elimination method so that is what I used.
I started off by multiplying each equation in order to get one of the variables at the same value so it would be possible to cancel it out.
Multiplying the first equation by 3 gave me,
12x + 15y = 69
Then I multiplied the second equation by 4,
-12x + 28y = -56
As you can see, it's not possible to cancel out the x variable.
12x + 15y = 69
+(-12x + 28y = -56)
_____________
13y = 13
Then just solve for y which gives you -1.
After you have one variable solved simply insert it into one of the original equations to find the other variable.
4x + 5(-1) = 23
4x - 5 = 23
4x = 28
x = 7.
And there you have it! Hope this helped!