The Solution to the Simultaneous Equations 5X - Y =

question 13

Multiple Choice

The solution to the simultaneous equations 5X - Y = 10 and 10X + Y = 35 is

• A) X = 15, Y = 0.
• B) X = 3, Y = 5.
• C) X = 5, Y = 3.
• D) None of these.

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Definitions:

Interest Rate

The fee a lender imposes on a borrower for the utilization of assets, depicted as a proportion of the principal amount.

Compounded Annually

The process of calculating interest on both the initial principal and the accumulated interest from previous periods on a yearly basis.

Interest Rate

The percentage of the principal that is paid as a fee over a certain period of time for the use of borrowed money.

Compounded Semiannually

The process of applying interest to an initial sum plus any previously earned interest, calculated twice a year.