Reasoning by induction
1 answer:
You might be interested in
Answer:
x= -2, y = -3
Step-by-step explanation:
1. substitute x = 4+2y in the first equation:
simplify it :
2. isolate y in 8 + 5y = -7 --> 5y = -7 - 8 -->
3. solve for y: 5y = -15 --> y = -15/5 --> y= -3
4. solve for x: x = 4 + 2y
x = 4 + 2(-3)
x = 4 + (-6)
x = -2
Answer:
The APR at which the money is borrowed, is approximately 651.79%
Step-by-step explanation:
The amount which one wishes to borrow for two weeks, P = $600
The amount of interest that one must pay back = $25 per $100 borrowed
Therefore;
The total interest on the $600 loan (borrowed) for two weeks = 25/100× $600 = $150
The number of days for which the amount was borrowed = 2 weeks = 14 days
The Annual Percentage Rate, APR is given as follows;
Therefore, we get
The annual rate at which the money is borrowed, APR ≈ 651.79%.