Would you rather receive $1,000 a year for 10 years or $800 a year for 15 years if the interest rate is 5%? What if the interest
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ANSWER
The solution is
x=-3,y=-2
EXPLANATION
First equation
3x – 3y = –3
Second Equation:
5x – y = –13
Multiply the second equation by 3 to get:
Third equation:
15x-3y=-39
Subtract the first equation from the third equation:
Divide both sides by 12,
Put x=-3 into the first equation:
Group like terms,
The solution is
x=-3,y=-2