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Radda [10]
3 years ago
6

Kate took out a subsidized Stafford loan worth $9,710 to pay for college.  The interest rate on the loan was 5.9%, compounded mo

nthly. It took Kate 5 years to pay off the loan after graduation.  What portion of the total amount she paid represented the interest? 
Mathematics
1 answer:
NikAS [45]3 years ago
3 0
<span>If Kate took out a loan of $9,710 and it took her 5 years to pay off she would have to pay 60 months of interest. Given that, the interest rate of 5.9% would of been $572.89 the first month. Use this information to find the answer. 

Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.
</span>
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Use the graphing tool to create a histogram of Gretchen’s data. Use eight bins for your histogram.
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The number of bins in the histogram determines the width of the bins and

the frequency (number of members) in a bin.

  • Please find attached the graph of the histogram of Gretchen's data created with MS Excel.
<h3 /><h3>Method used to create the histogram of Gretchen's data</h3>

Given:

The table from  Gretchen's data is presented as follows;

\begin{tabular}{|c|c|} \underline{ Member}& \underline{Number of Days}\\x_1&2\\x_2&4\\x_3&7\\x_4&8\\x_5&12\\x_6&15\\x_7&10\\x_8&7\\x_9&9\\x_{10}&6\\x_{11}&13\\x_{12}&3\\x_{13}&8\\x_{14}&10\\x_{15}&10\end{array}\right]

The required number of bins = 8 bins

The steps to create the histogram using MS Excel;

  • Enter the 15 dataset for the number of days as presented in the above table in a column on the worksheet.

  • Select the dataset entered into the cells from above then select the Insert menu.

  • In the Chart section of the insert menu click on the Histogram icon to view the quick options for histograms type charts.

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  • Right-click the histogram created from the previous step, then select Format Chart Area from the pop up menu.

  • In the Format Chart Area task pane, click on the arrow next to Chart Options, then select Horizontal Axis from the options menu.

  • Click on the histogram icon under Axis Options, then click on arrow button besides Axis Option sub menu, to display the axis options.

  • Click on the Number of bins radio button then enter 8, to create an histogram having 8 bins.

The histogram of Gretchen's data having eight bins created with MS Excel is attached.

Learn more about creating a histogram chart here:

brainly.com/question/25069221

brainly.com/question/4601962

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