Problema Solution
A credit card company offers a cash back program on transactions. For every transaction over $100 the customer gets $3 back. For every transaction $100 or less, the customer gets $1 back. The customer made 22 transactions in all and the total number of dollars given back was $26. Write and solve a system of equations to find the number of transactions of each type.
Answer provided by our tutors
Let
x = the number of transactions over $100
y = the number of transactions of $100 or less
x + y = 22
3x + y = 26
........
click here to see the system of equations solved for x and y
........
x = 2 transactions over $100
y = 20 transactions of $100 or less
There were 2 transactions over $100 and 20 transactions of $100 or less.