Situation as system of two linear equations in two variables

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Reference no: EM131569656

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 $4,000 or $8,000. If the partnership raised $324,000, then how many investors contributed $4,000 and how many contributed $8,000?

x = $4,000 investors

y = $8,000 investors

Reference no: EM131569656

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