1.) 9 - c < 2 , C = 7
Graph 7 on the number line.
2.) -3c > 15, C = -5
Graph -5 on the number line.
Hope this helps.
In an installment loan, a lender loans a borrower a principal amount P, on which the borrower will pay a yearly interest rate of i (as a fraction, e.g. a rate of 6% would correspond to i=0.06) for n years. The borrower pays a fixed amount M to the lender q times per year. At the end of the n years, the last payment by the borrower pays off the loan.
After k payments, the amount A still owed is
<span>A = P(1+[i/q])k - Mq([1+(i/q)]k-1)/i,
= (P-Mq/i)(1+[i/q])k + Mq/i.
</span>The amount of the fixed payment is determined by<span>M = Pi/[q(1-[1+(i/q)]-nq)].
</span>The amount of principal that can be paid off in n years is<span>P = M(1-[1+(i/q)]-nq)q/i.
</span>The number of years needed to pay off the loan isn = -log(1-[Pi/(Mq)])/(q log[1+(i/q)]).
The total amount paid by the borrower is Mnq, and the total amount of interest paid is<span>I = Mnq - P.</span>
This should be easy because we just have to use substitution method. Substitute the value of x from the second equation into the x of the first equation.
-4(2y) + 11y = 15
-8y + 11y = 15
3y = 15 ; y = 5
Substitute this value of y to either the first or second equation.
x = 2(5) = 10
The ordered pair is therefore (10,5).
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