We have that the value of each i.e The House and Lot is
x=14400
y=1200
From the question we are told
A house and a lot are worth $15,600. If the house is worth 12 times the value of the lot, find the value of each
Generally the equation for the statement is mathematically given as
x+y=15600
x=12y
Where
x=House
y=lot
Therefore
[tex]12y+y=15600\\\\y=\frac{15600}{13}\\\\y=1200[/tex]
Therefore
[tex]x=15600-1200\\\\x=14400[/tex]
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