Spencer purchases clothing for the new school year. Polos cost $12.00 each, and jeans
1 answer:
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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 simplified form of given expression is 3/5.
Step-by-step explanation:
The given expression is
We need to find the product of two factions using diagram.
For 3/4, draw a box and divide it in 4 equal parts by using vertical lines. The color three parts of it.
For 4/5, draw a box and divide it in 5 equal parts by using horizontal lines. Then color the four parts of it.
Now combined both boxes and shown below.
From the below figure it is clear that
The number of common shaded small boxes = 12
Total number of small boxes = 20
The required fraction is
Cancel out common factor.
Therefore, the simplified form of given expression is 3/5.
