Solve the Following System of Simultaneous Equations

question 9

Short Answer

Solve the following system of simultaneous equations.6X + 4Y = 40
2X + 3Y = 20

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Definitions:

Annual Dividend

The total dividend payment a shareholder receives from a company per share over a one-year period.

Rate Of Return

A metric used to evaluate the efficiency of an investment, calculated by dividing the profit or loss of the investment by its initial cost.

Stock Offering

The process by which a company issues shares of its stock to raise capital, either through an initial public offering (IPO) or a secondary offering.

Annual Dividend

The yearly sum of dividends paid per share by a company to its shareholders.