q + l = 40
0.25q + l = 28.75
We can solve both for l. The corresponding values will then be equal to each other.
l = 40 - q
l = 28.75 - 0.25q
40 - q = 28.75q - 0.25q
0.75q = 11.25
q = 15
l = 40 - 15 = 25
There are 25 loonies and 15 quarters.