Alyssa plans to borrow $3,180 at 6.5% for 3.5 years . Find the amount of simple interest she should expect to pay.
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Answer:
Given system of equations:
To solve by substitution, equate the equations and solve for x:
Therefore, the x-values of the solution are and
.
To find the y-values of the solution, substitute the found values of x into the functions:
Therefore, the solutions to the given system of equations are:
and