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choli [55]
3 years ago
7

Alice earned interest of $120 from an investment of $1000 for two years. What is the rate of simple interest per year

Mathematics
2 answers:
k0ka [10]3 years ago
5 0
It's 6% interest per year. 
ch4aika [34]3 years ago
3 0
.06 is your interest rate per year
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vladimir2022 [97]
The answer is x = 10, y = 10.

Step 1: rearrange the second equation for y.
Step 2: substitute y from the second equation into the first equation.
Step 3. Calculate y.

Step 1.
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Divide both sides of the equation by 3:
(6x + 3y)/3 = 90/3
6x/3 + 3y/3 = 30
2x + y = 30
Rearrange the equation:
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Step 2.
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x = -30/-3
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Step 3.
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