Answer: Let's use P to represent the peak fare price and O to represent the off-peak fare price. We can set up two equations based on the given information:
5P + 3O = 21 (equation 1)
4P + 2O = 16 (equation 2)
We can simplify equation 2 by dividing both sides by 2:
2P + O = 8 (simplified equation 2)
Now we can use either substitution or elimination method to solve for one variable. Let's use substitution method by solving equation 2 for O in terms of P:
O = 8 - 2P (solving for O in equation 2)
Now we can substitute this expression for O into equation 1 and solve for P:
5P + 3O = 21
5P + 3(8 - 2P) = 21 (substituting for O)
5P + 24 - 6P = 21 (distributing the 3)
-P + 24 = 21 (combining like terms)
-P = -3
P = 3
Therefore, the peak fare price is $3.
Explanation: