It is always helpful to rewrite an equation in standard form as a first step in solving it. This is false.
The elimination technique works for the addition and subtraction of equations. For solving linear equations given in slope intercept form, we simply equate the 'y' and solve for 'x'. Then finding y is easy.
If you multiply 120 to 3.5% but in decimal form which is 0.035 you’ll get 4.2 and then add the 4.2 and 120 together and you get your answer with is $124.20