Answer:
1 Notebook is approximately $0.86
1 Binder is approximately $2.21
Explanation:
let N is the price of a notebook and B is the price of the binder
Paul paid $8.70 for 5 Notebooks and 2 Binders
5N + 2B = 8.70 Eq.1
Billy spent $11.40 on 3 Notebooks and 4 Binders.
3N + 4B = 11.40 Eq.2
multiply Eq.1 by -2
5N + 2B = 8.70
-2(5N + 2B = 8.70)
-10N - 4B = -17.40 Eq.3
add Eq. 2 and Eq.3
3N + 4B = 11.40
-10N - 4B = -17.40
________________
-7N = -6
N = 0.85714...
substitute N = 0.85714... to any of the equations to get B
5N + 2B = 8.70
5(0.85714) + 2B = 8.70
4.2857... + 2B = 8.70
2B = 4.41428....
B = 2.20714....