Bill plans to buy school supplies and the following equation represents what he bought. 5x + 20y = 50 is the equation that shows that he spent $50 and bought 5 binders and 20 pencils. Let
X represent the cost of binders and y represent the cost of pencils
1. How much is each binder if each pencil cost $0.50? Explain how you know.
2. How much is each pencil if the binders cost 8 dollars each? Explain how you know.