Both equations have a 4y term, so we can use elimination to easily solve the system.
3x - 4y = 12
x + 4y = 20
----------------
4x + 0y = 32
Now we can solve for x.
4x = 32
x = 8
Now we plug 8 in for x in either of the original equations to find y.
3(8) - 4y = 12
24 - 4y = 12
-4y = -12
y = 3
So yes, it is true that x = 8 and y = 3.
Hope this helps :)