Bertha has $2400 more invested at 4% than she has at 5%. If her annual income from these two investments is $294, how much does
1 answer:
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Answer:
Cost of One Journal = $3.99
Cost of One pen = $0.59
Step-by-step explanation:
Let
Cost of One Journal = x
Cost of One pen = y
We can make equation from given statements.
Mr. Bowden purchases 18 journals and 40 pencils for $95.42.
Ms. Jacinto purchases 11 journals and 16 pencils for $53.33.
Now solving these equations to find the value of x
Multiply eq(1) with 2 and eq(2) with 5
We get the value of x is: x=3.99
Now, putting value of x in equation 1 to find value of y.
So, we get the value of y: y = 0.59
Now, finding the costs:
Cost of One Journal = x = $3.99
Cost of One pen = y = $0.59