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Ksju [112]
1 year ago
10

Katrina has the option of an 8-year non-subsidized student loan of $32,000 at an annual interest rate of 3.5% or an 8-year subsi

dized loan of $32,000 at an annual interest rate of 4.5%. Determine for which loan Katrina will pay less interest over the term of the loan if she starts making payments 2 years after obtaining the loan. (Assume Katrina makes monthly payments for each loan. For each answer, enter a number. Round your answers to the nearest cent, as appropriate.)
The total interest paid (in dollars) on the non-subsidized loan is $ -------

The total interest paid (in dollars) on the subsidized loan is $ -------
Mathematics
1 answer:
Fiesta28 [93]1 year ago
6 0

Answer: katrina will pay less interest on the 8-year non subsidized student loan

The total interest paid on the non-subsidized loan is USD 8,959

The total interest paid on the subsidized loan is USD 11,520

Step-by-step explanation:

Subsidized loan at 4.5% for 8years will be 4.5/100 × 32000 x 1/12= USD120/month, USD 1440/year. For 8 years, USD11,520

For non subsidized student loan at 3.5% will be 3.5/100 x 32000x 1/12= USD 93.33/month, USD 1,119per year and USD 8,959 for 8 years

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A manager records the number of hours, X, each employee works on his or her shift and develops the probability distribution belo
Reika [66]

Answer:

c. 2

Step-by-step explanation:

Given : X = No. of hours worked

           No. of people work for the manager = 50

           X = 3, 4 , 5 , 6 , 7, 8

           P(X) = 0.1 , ? , 0.14 , 0.3 , 0.36 , 0.06

To Find : No. of people work for four hours

Solution : First understand the fact that sum of all probabilities is equal to 1

So, sum of all values of P(X) = 1

⇒0.1+?+0.14+0.3+0.36+0.06 = 1

⇒0.96+? = 1

⇒?= 1-0.96

⇒? = 0.04

So, the probability of no. of people worked for 4 hours is 0.04.

⇒P(4)=0.04

Thus , To calculate no. of people work for four hours :

0.04\times 50

⇒ 2 no. of people work for four hours per shift .


5 0
1 year ago
Read 2 more answers
A coordinate plane showing Running. The x-axis shows seconds, the y-axis shows feet. One solid line showing Moises starting at (
torisob [31]

Answer:

Step-by-step explanation:

s

7 0
1 year ago
Tickets to a musical cost $30 for adults and $12 for children. At one particular performance 960 people attended and $19 080 was
postnew [5]
In order to solve this, you have to set up a systems of linear equations.

Let's say that children = c and adults = a

30a + 12c = 19,080
a + c = 960

I'm going to show you how to solve this system of linear equations by substitution, the easiest way to solve in my opinion.

   a + c = 960 
       - c    -    c
 ---------------------- ⇒ Step 1: Solve for either a or c in either equation.
   a = 960 - c 



20(960 - c)+ 12c = 19,080
19,200 - 20c + 12c = 19,080
   19,200 - 8c = 19,080
 - 19,200         - 19,200
---------------------------------- ⇒ Step 2: Substitute in the value you got for a or c
         8c = -120                    into the opposite equation.                                                
       ------  ---------
          8         8
 
         c = -15



30a + 12(-15) = 19,080
   30a - 180 = 19,080
          + 180  +     180
 -------------------------------
   30a = 19,260
  -------   -----------
    30          30
     
       a = 642
__________________________________________________________

I just realized that there can't be a negative amount of children, so I'm sorry if these results are all wrong. 


7 0
1 year ago
Read 2 more answers
Which expression is equivalent to the equation?
IrinaK [193]

Answer:

Option 1

Step-by-step explanation:

The given equation equals 3072, so find the other equation that equals 3072.

Option 1 = 3072 - correct

Option 2 = 432 - wrong

Option 3 = 2883 - wrong

Option 4 = 432 - wrong

I hope this helps!

4 0
1 year ago
Ivan and Adeline are in a classroom with a chalkboard. They are standing on different halves of the board, and on each half, the
solong [7]

Answer:

The number of times Ivan and Adeline have the same number written on the board is 6.

Step-by-step explanation:

Consider the procedure as follows:

  • On each half of the board, the number 2 is written.
  • On Ivan's teacher's signal, Ivan multiplies the number on his side of the board by -2 and writes the answer on the board, erasing the number he started with.
  • Adeline does the same on each signal, except that she multiplies by 2.
  • The teacher gives 10 signals in total.

Consider the numbers on each half of the board:

          Ivan                            Adeline

             2                                     2

      2 × -2 = -4                        2 × 2 = 4

     -4 × -2 = 8                         4 × 2 = 8

      8 × -2 = -16                      8 × 2 = 16

   -16 × -2 = 32                      16 × 2 = 32

   32 × -2 = -64                    32 × 2 = 64

  -64 × -2 = 128                   64 × 2 = 128

  128 × -2 = -256               128 × 2 = 256

-256 × -2 = 512                256 × 2 = 512

  512 × -2 = -1024              512 × 2 = 1024

-1024 × -2 = 2048           1024 × 2 = 2048

Thus, the number of times Ivan and Adeline have the same number written on the board is 6.

6 0
2 years ago
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