To find the answer, we will have to find the percentage of $273 to $ 3500, and we can use the formula:
In this case:
273/3500 x 100%
=39/500 x 100%
=7.8%
Therefore the annual interest rate would be 7.8%.
Hope it helps!
438x 56equels what?
2 answers:
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All the numbers in the first equation have a common factor of 2. Removing that gives
.. x +4y = 6
making it easy to solve for x
.. x = 6 -4y
My choice would be to solve for x using the first equation.
_____
On second thought, it might actually be easier to solve either equation for 8y. That term then directly substitutes into the other equation (equivalent to adding the two equations).
.. 8y = 3x -11 . . . . . from the second equation
.. 2x +(3x -11) = 12 . . . substituting into the first equation
.. 5x = 23 . . . . . . . . . . collect terms, add 11 (what you would get by adding the equations in the first place)
.. x = 4.6
.. y = (3*4.6 -11)/8 = 0.35
.. x +4y = 6
making it easy to solve for x
.. x = 6 -4y
My choice would be to solve for x using the first equation.
_____
On second thought, it might actually be easier to solve either equation for 8y. That term then directly substitutes into the other equation (equivalent to adding the two equations).
.. 8y = 3x -11 . . . . . from the second equation
.. 2x +(3x -11) = 12 . . . substituting into the first equation
.. 5x = 23 . . . . . . . . . . collect terms, add 11 (what you would get by adding the equations in the first place)
.. x = 4.6
.. y = (3*4.6 -11)/8 = 0.35