You invested $600 in a savings account that earns simple interest. After 20 years the account had earned $720 in interest. What
1 answer:
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For this case we propose a system of equations. We have to:
x: Let the variable that represents the number of dimes
y: Let the variable that represents the number of quaters
We know that:
One dime equals 10 cents, $0.10
A quater equals 0.25 cents, $0.25
According to the statement we have:
We multiply the first equation by -0.10:
We have the following equivalent system:
We add the equations:
Approximately 3 quater coins
And two dimes
Answer:
3 quater
2 dimes