Answer:
Theres no picture?
Step-by-step explanation:
The answer is 12.48 hope this helps!
Here's a tip Subtracting a fraction is the same as multiplying it's reciprocal so for 3/4 - 3/8 you can do 3/4 x 8/3. Multiplying its reciprocal mean turn the 2nd fraction around
You can use Substitution to solve this problem:
4x-y=20
-y=-4x+20
y=4x-20
Now you have two equations, and you use the first one to substitute into the second one.
y=4x-20 and -2x-2y=10
-2x-2(4x-20)=10
-2x-8x+40=10
-10x+40=10
-10x=-30
-x=-3
x=3
Now that we have figured out what x is, we can substitute x in to one of the equations to figure out y.
4x-y=20 x=3
4(3)-y=20
12-y=20
-y=8
y=-8
<em><u>So your answer would be x=3 and y=-8</u></em>
Since the problem is requiring us to use the loan repayment calculator and here is what the calculator gave:
Loan Balance: $25,506.00
Adjusted Loan Balance: $25,506.00
Loan Interest Rate: 6.80%
Loan Fees: 0.00%
Loan Term: 10 years
Minimum Payment: $0.00
Monthly Loan Payment: $293.52
Number of Payments: 120 months
Cumulative Payments: $35,223.07
Total Interest Paid: $9,717.07
It is projected that you will need an annual salary of a minimum $35,222.40 to be capable to have enough money to repay this loan. This approximation assumes that 10% of your gross monthly income will be keen to repaying your student loans. This resembles to a debt-to-income ratio of 0.7. If you use 15% of your gross monthly income to repay the loan, you will need an annual salary of only $23,481.60, but you may experience some financial difficulty. This corresponds to a debt-to-income ratio of 1.1.
