Answer:
2134
Step-by-step explanation:
Answer:
Step-by-step explanation:
a) The amount of concern is ...
(total interest)/(number of payments) = interest/payment
$14,644.95/120 ≈ $122.04 . . . . amount of interest per payment
__
b) The ratio of concern is ...
(total interest)/(total payments) × 100% = 14,644.95/39,644.95 × 100%
≈ 36.94% . . . . percent of total payments that is interest
X = 2
y = 1
You can get this by replacing the y in the second equation with the 3x - 5 from the first. Then solve for x. Once you have that value, you can solve for y.
