Solve the Problem Using the Elimination Method

question 94

Multiple Choice

Solve the problem using the elimination method.
-The sum of two numbers is 28. The larger number minus the smaller number is 8. What are the numbers?

• A)16 and 12
• B)21 and 7
• C)18 and 10
• D)12 and 20

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Definitions:

Straight-Line Method

A method of calculating depreciation by evenly spreading the cost of an asset over its useful life.

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return, used in discounting to determine investment value.

Lease Agreement

A contract between two parties where one party agrees to rent property owned by another party, often specifying terms and conditions for use and payment.

Straight-Line Method

A method of depreciation that allocates an equal expense amount to each year of the asset's useful life.