Solve the Following Pair of Equations

question 438

Short Answer

Solve the following pair of equations. Verify your solution. x - y = 2 3x + 4y = 20

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Definitions:

Monthly Interest

Monthly interest is the amount of interest earned or paid on an investment or loan calculated and paid on a monthly basis.

Regular-interest

The standard or typical interest rate applied to savings or investment accounts, calculated over a set period.

Invested

The method of placing financial resources in expectation of yield or profit.

Compounded Semi-annually

This refers to the process of applying interest to an initial sum plus any previously earned interest, and this action occurs twice a year.