(a) Fred bought a car for $5,600.00 and later sold it at 90% of the cost price. He spent $1,310.00 out of the amount received and invested the rest at 6% per annum simple interest. Calculate the interest earned in 3 years.
(b) Solve the equations 2\(^x\)(4\(^{-7}\)) = 2 and 3\(^{-x}\)(9\(^{2y}\)) = 3 simultaneously.
(a) Simple interest earned
Selling price \(= 90\%\) of \(\$5{,}600.00 = \dfrac{90}{100}\times 5600 = \$5{,}040.00\).
Amount left to invest \(= 5040 - 1310 = \$3{,}730.00\).
Simple interest \(I=\dfrac{PRT}{100}=\dfrac{3730\times 6\times 3}{100}=\dfrac{67140}{100}=\$671.40\).
The interest earned in 3 years is \(\$671.40\).
(b) Simultaneous indices
(The equations are read as \(2^{x}\!\cdot 4^{-y}=2\) and \(3^{-x}\!\cdot 9^{2y}=3\); a single-variable first equation would not give a genuine simultaneous system.)
Equation 1: \(2^{x}\cdot (2^{2})^{-y}=2^{1}\Rightarrow 2^{x-2y}=2^{1}\Rightarrow x-2y=1\).
Equation 2: \(3^{-x}\cdot (3^{2})^{2y}=3^{1}\Rightarrow 3^{-x+4y}=3^{1}\Rightarrow -x+4y=1\).
Adding the two: \((x-2y)+(-x+4y)=1+1\Rightarrow 2y=2\Rightarrow y=1\).
Then \(x-2(1)=1\Rightarrow x=3\).
\(x=3,\ y=1\). Check: \(2^{3}\cdot 4^{-1}=8/4=2\) and \(3^{-3}\cdot 9^{2}=81/27=3\). \(\checkmark\)