Answer:
The solution for given system of equations is: x = 6 and y = 3
Or
(6,3)
Step-by-step explanation:
Given equations are:
There are three methods to solve simultaneous equations
We will use the elimination method as the coefficients of x in both equations are already same
Subtracting equation 2 from equation 1
Putting y = 3 in equation 2
Hence,
The solution for given system of equations is: x = 6 and y = 3
Or
(6,3)
Using the simple interest formula, it is found that the APR for the loan is of 4.472%.
<h3>What is the simple interest formula and when it is used?</h3>Simple interest is used when there is a single compounding per time period.
The amount of money after t years in is modeled by:
In which:
The parameters for this problem are:
A(t) = 6 x 511.18 = 3067.08, A(0) = 3000, t = 0.5.
We solve the equation for r to find the APR.
1 + 0.5r = 1.02236
r = (1.02236 - 1)/0.5
r = 0.04472.
More can be learned about simple interest at brainly.com/question/25296782
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