The total of 24 and a number x

How do you use the elimination method for this question? explain, because i really want to understand!

The expression 1.01*1.005(^t) gives the amount of money, in thousands of dollars, in carter's savings account (t) years after he opens it. what does 1.01 represent in this expression?

Write an equation of the line that passes through the point (2, 3) and is perpendicular to the line x = -1. a) y = 1 b) y = 3 c) y = 0 eliminate d) y = -3