X = 7
y = 10
x + y = 700
7x + 10y = 6400
10x + 10y = 7000
(-) 7x + 10y = 6400
______________
3x = 600
x = 200
200 + y = 700
y = 500
Answer: 13%
Step-by-step explanation:
The formula to find the simple interest is given by :-
, where P is the principal amount, r is rate of interest () in decimal and t is the time ( in years).
Given : P = $19,100 , I=$9932.00 and t= 4 years
Substitute all the above values in the formula , we get

In percent , 
Hence, the rate of interest = 13%
Answer:
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Step-by-step explanation: