Luke’s luck changed, and he was able to enroll full-time again. He has become employed full-time and earns $40 per hour. Becomin
g employed full-time will help him repay the $35,000 he borrowed in direct student loans at 4.66%. Because all students who borrow direct loans are placed into the standard repayment plan when entering repayment by the Department of Education, Luke looked into the details. He realized the cost benefit and chose to remain in this plan, it is the shortest in length and students pay the least amount of interest. After doing some calculations, he estimated his monthly payment will be $365, which includes principal and interest. In order for Luke to be able to afford his repayment under the Standard plan comfortably, he will need to allocate 12% of his paycheck
How much does Luke need to earn per year (at least) to comfortably afford his repayment if he needs to allocate 12% of his paycheck?
How much does Luke need to earn per year (at least) to comfortably afford his repayment if he needs to allocate 12% of his paycheck?
2 answers:
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There's only information to answer question C.
We can only know that 32 marbles were chosen. (yellow and black)
Why?
To answer the first two questions (a and b), we need to know the total number of marbles, so, we can only answer the last question (c).
We know that 7/10 of the 20 yellow marbles were chosen.
So, calculating we have:
Also, we know that 18 black marbles were chosen, so, the total of marbles chosen is equal to 32 (yellow marbles and black marbles)
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