5x+3y=58
5x-3y=22
(3y gets cancelled bc 3y-3y=0, then add 5x with 5x, so you're left with)
10x=80, (divide both sides by 10)
x=8
Now we look for y. So choose one formula from the two (let's say 5x + 3y=58)
Substitute x for 8 so it will look like---- 5(8)+3y=58
Multiply 5*8--- so you get -- 40+3y=58
Subtract 40 from both sides and you're left with 3y=18
divide both sides by 3
you get y=6
In conclusion, x=8 and y=6 hence, (8,6)
He actually borrowed P=21349-3000=18349 (present value)
Assume the monthly interest is i.
then future value due to loan:
F1=P(1+i)^n=18349(1+i)^(5*12)=18349(1+i)^60
future value from monthly payment of A=352
F2=A((1+i)^n-1)/i=352((1+i)^60-1)/i
Since F1=F2 for the same loan, we have
18349(1+i)^60=352((1+i)^60-1)/i
Simplify notation by defining R=1+i, then
18349(R^60)-352(R^60-1)/(R-1)=0
Simplify further by multiplication by (R-1)
f(R)=18349*R^60*(R-1)-352(R^60-1)=0
Solve for R by trial and error, or by iteration to get R=1.004732
The APR is therefore
12*(1.004732-1)=0.056784, or 5.678% approx.
If two fractions have the same denominator, that means the total number of parts is the same. For example, you have two batches of cookies, which each have 8 cookies.
But the numerator tells you the number of parts you are dealing with. Going back to our cookie example, say you ate 3 cookies and your little brother only had 1. If you ate 3 cookies, you ate 3/8 of the cookies. Your little brother ate 1/8 of the cookies.
So, which one is the greatest fraction? In this case, who had more cookies? That would be you. So, the greater numerator means a greater fraction.
Answer: the fraction with the greater numerator
It's not true unless my math is wrong
