Question 8 of 13, Step 1 of 1 Correct
Incorrect
The annual interest on a S2000 investment exceeds the interest earned on a S1000 investment by $55. The $2000 is invested at a 0.5% higher rate of interest than
the S1000. What is the interest rate of each investment?

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step-by-step explanation:

a

step-by-step explanation:

given the 2 equations

- x + y = - 2 → (1)

2x - 3y = 4 → (2)

multiplying (1) by 2 and adding to (2) will eliminate the x- term

- 2x + 2y = - 4 → (3)

add (2) and (3) term by term

(2x - 2x) + (- 3y + 2y) = (4 - 4), simplifying gives

- y = 0 ⇒ y = 0

substitute y = 0 in either of the 2 equations for corresponding value of x

substituting in (2) gives

2x = 4 ( divide both sides by 2 )

x = 2

solution is (2, 0 ) → a