Whitney and John each take out a $24,000 loan for a new condo. Each has to repay the loan in 6 years. Whitney will pay an intere
st rate of 3.3% per year. Her monthly payments will be $344. Because John has a lower credit score, he will have to pay an interest rate of 4.2% per year. His monthly payments will be $349. How much more will a $24,000 loan cost John than Whitney?
2 answers:
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Answer:
d.−1.4, 3.4
Explanation:
Given
Required
Determine the zeros
The best way to solve this is to apply the graphical method.
First, we plot the graph of:
<em>See attachment </em>
Next, we write out all values of x when the line crosses the y-axis.
From the attached graph, the points are (approximately):
Option (d) is the closest to the above values.
<em>Hence, the zeros are: -1.4 and 3.4</em>
