1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lapatulllka [165]
3 years ago
7

Suppose Marlie only paid interest during her 4 years in school and the six-month grace period. What will she pay now in interest

over the term of the loan
Mathematics
1 answer:
dmitriy555 [2]3 years ago
7 0

Answer: interest = $ 3,629.34

Step-by-step explanation:

Complete question

(Marlie will be starting college next year, federal unsubsidized student loan in the amount of $18,800 at 4.29%. She knows that during this non-payment time, interest will accrue at 4.29%. Suppose Marlie only paid the interest during her four years in school and the six-month grace period. What will she now pay in interest over the term of the loan.)

This question relates to interest over a single period of time and since it's not compounded, we use formula for simple interest to calculate the interest accrued.

Data;

P = $18,800

R = 4.29% = 0.0429

T = 4.5 years

S.I = ?

S.I = PRT

S.I = 18,800 * 0.0429 * 4.5

S.I = $3,629.34

Therefore she'll need to pay $3,629.34 as interest accrued.

You might be interested in
A club is holding a raffle. Ten thousand
Cloud [144]

First take 10,000 * 2 = 20,000, because each of the 10,000 tickets cost 2 dollars.

3000(1/20000) + 1000(3/20000) + 500(5/20000) + 100(20/10000) = 10500/20000 = .525

Thus, each ticket is worth 52.5 cents.

Hope it helps <3

6 0
3 years ago
2 to the -3 power over 2 to the -2 multiply 2 to the 6 power.
ioda

Step-by-step explanation:

Please gimme brainliest

I hope it's correct

6 0
3 years ago
Which choice is an equation of the line written in point-slope form?
Sladkaya [172]

Answer:

Option 3)............... I guess so

8 0
3 years ago
What is the slope of these coordinates (2,30), (5,75).
Citrus2011 [14]

Answer:

45/3 or 15 simplified

Step-by-step explanation:

so b. 15

5 0
2 years ago
Read 2 more answers
HELP ME PLEASE!!!!!!!!
KonstantinChe [14]
(1). Yes

(2). The reason i picked yes is because very amount of money is $2.50 away from each other so this is a linear relationship.
6 0
2 years ago
Other questions:
  • If the slope of a line is 1/2 and the y-intercept is 6, what is the x-intercept of the same line?
    12·1 answer
  • Rachel made a mosaic from different color rectangular tiles. Three tiles measured 312 inches by 3 inches. Six measured 4 inches
    13·2 answers
  • If the price of a car decreases by 12%, the price would be 26,880. What is the original price
    13·1 answer
  • Using Ratios to Solve Problems - Item 1457 Question 4 of 7 Evan's family drove to a theme park for vacation. They drove the same
    8·1 answer
  • Solve the equation<br> 4.8y-6.9=3.18<br> Explain your thinking
    12·2 answers
  • What is the solution to this system of linear equations?
    7·2 answers
  • Click an item in the list or group of pictures at the bottom of the problem and, holding the button down, drag it into the corre
    9·1 answer
  • Can someone help please
    14·1 answer
  • An equation is shown. What is the value of m that makes the equation true?
    5·2 answers
  • 71 points what is 12x 8=...........................96
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!