Jim borrows $790 for 4 months. He pays a simple interest rate of 6%. How much interest must he pay? Round your answer to the nearest cent if necessary.

Jim will be paid $150 or 30% to his account.

step-by-step explanation:

step 1: solve one of the equations for one of the variables. let's solve the first equation for y:

step 2: substitute that equation into the other equation, and solve for x.

step 3: substitute x = 4 x = 4 x=4 into one of the original equations, and solve for y.