Step 1: Understanding the Concept:
This word problem can be solved by translating the given statements into a system of two linear equations with two variables and then solving for the variables.
Step 2: Detailed Explanation:
Let the two numbers be \(x\) and \(y\). Let \(x\) be the smaller number and \(y\) be the larger number.
From the first statement: "The sum of two numbers is 16."
\[ x + y = 16 \quad \text{(Equation 1)} \]
From the second statement: "Thrice the smaller number is greater than twice the larger by 3."
\[ 3x = 2y + 3 \quad \text{(Equation 2)} \]
Now, we solve this system of equations. From Equation 1, we can express \(y\) in terms of \(x\):
\[ y = 16 - x \]
Substitute this expression for \(y\) into Equation 2:
\[ 3x = 2(16 - x) + 3 \]
\[ 3x = 32 - 2x + 3 \]
\[ 3x = 35 - 2x \]
Add \(2x\) to both sides:
\[ 5x = 35 \]
\[ x = 7 \]
Now that we have the value of the smaller number, \(x\), we can find the larger number, \(y\), using Equation 1:
\[ y = 16 - x = 16 - 7 = 9 \]
The two numbers are 7 and 9.
Step 3: Final Answer:
The question asks for the product of the numbers.
\[ \text{Product} = x \times y = 7 \times 9 = 63 \]