Solve the Following Pair of Equations

question 310

Short Answer

Solve the following pair of equations. Verify your solution.
3x + 5y = 11
2x - y = 16

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Definitions:

GAAP

A compilation of standard accounting practices and rules universally applied for financial disclosures.

Defined Benefit Pension Plan

A retirement plan where the employer guarantees a specified pension payment at retirement based on the employee's earnings history, tenure of service, and age.

Postretirement Healthcare Benefits

Benefits that an employer provides to retirees for healthcare, excluding pension benefits.

Pensions

Retirement plans funded either by employers or governments, providing income to individuals upon retirement.