Formulate the situation as a system of two linear equations in two variables. Be sure to...

 

Transcribed Image Text:

Formulate the situation as a system of two linear equations in two variables. Be sure to state clearly the meaning of your x- and y-variables. Solve the system by the elimination method. Be sure to state your final answer in terms of the original question. A lawyer has found 60 Investors for a limited partnership to purchase an inner-city apartment building, with each contributing either $5,000 or $10,000. If the partnership raised $435,000, then how many investors contributed $5,000 and how many contributed $10,000? y = $5,000 investors $10,000 investors Formulate the situation as a system of two linear equations in two variables. Be sure to state clearly the meaning of your x- and y-variables. Solve the system by the elimination method. Be sure to state your final answer in terms of the original question. A lawyer has found 60 Investors for a limited partnership to purchase an inner-city apartment building, with each contributing either $5,000 or $10,000. If the partnership raised $435,000, then how many investors contributed $5,000 and how many contributed $10,000? y = $5,000 investors $10,000 investors

Answer rating: 100% (QA)

Setting up the system of equations Let x the number of investors who contributed ... View the full answer