Can someone help me with both of these? You can answer only one, however, If you answer both that is who gets brainliest. don't
answer just to take my points or you will get reported.
2 answers:
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The total amount of interest will Gertrude pay by the time the subsidized Stafford loan is repaid is $2094.80.
<h3>What is compound interest?</h3>Compound interest is the amount charged on the principal amount and the accumulated interest with a fixed rate of interest for a time period.
The formula for the final amount with the compound interest formula can be given as,
Here, A is the final amount (principal plus interest amount) on the principal amount P of with the rate<em> r </em>of in the time period of <em>t.</em>
Gertrude will graduate four years after taking out the loan. if the loan has an interest rate of 6.8%, compounded monthly, and Gertrude makes monthly payments.
Put the values in the above formula as,
In the 10 years, the refund she gets,
Interest paid by her is,
Thus, the total amount of interest will Gertrude pay by the time the subsidized Stafford loan is repaid is $2094.80.
Learn more about the compound interest here;
Answer:
The correct equation is "y=30x+6147". A further explanation is given below.
Step-by-step explanation:
The given values are:
(x1, y1) = (50, 7647)
(x2, y2) = (100, 9147)
As we know,
The slope is,
⇒
On substituting the given values, we get
⇒
⇒
⇒
Now,
⇒
On substituting the given values in the above equation, we get
⇒
⇒
On adding "7647" both sides, we get
⇒
⇒
Unit conversion is a way of converting some common units into another. Kari cannot afford to see Genoa, because it would put her $84. 48 over budget.
<h3>What are Units conversions?</h3>Unit conversion is a way of converting some common units into another without changing their real value. for, example, 1 centimetre is equal to 10 mm, though the real measurement is still the same the units and numerical values have been changed.
The cost of the Kari visiting the Vatican, Rome, Naples, Venice, and Milan are €68.77, €95.41, €71.06, €113.38, and €49.69. Therefore, the total cost of visiting these places would be,
Total Cost = €68.77 + €95.41 + €71.06 + €113.38 + €49.69
= €398.31
Now, as it is given that 1$ is equal to 0.6859€, therefore, if we convert the amount that is already spent by Kari to visit these places in dollars, we will get,
The amount that is left with Kari,
Also, the cost of visiting Genoa is €60.85, now, if the cost is converted to dollars we will get the cost to visit Genoa,
Thus, the cost of visiting Genoa is $88.72, while the amount of budget that is left with Kari is $4.28, therefore, Kari cannot afford to see Genoa, because it would put her $84. 48 over budget.
Learn more about Units conversion: