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slava [35]
3 years ago
15

Cesar is excited that he only has 12 months left before he pays off his credit card completely. His current balance is $3,750 an

d his APR is 17.5%. But when he is involved in a car accident, he is forced to use his credit card to pay a $1,000 deductible to get his car fixed. How much will Cesar’s minimum monthly payment increase if he still wants to pay off his credit card in 12 months?
a.
$83.33
b.
$91.44
c.
$342.91
d.
$434.35
Mathematics
1 answer:
kodGreya [7K]3 years ago
6 0
The answer is.

b.

$91.44
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you currently have 24 credit hours and a 2.8 gpa you need a 3.0 gpa to get into the college. if you are taking a 16 credit hours
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Answer:

\sum_{i=1}^n w_i *X_i = 2.8*24 = 67.2

And for this case we want a gpa of 3.0 taking in count that in this semester he/ she is going to take 16 credits so then the new mean would be given by:

\bar X_f = \frac{\sum_{i=1}^n w_i *X_i+w_f *X_f }{24+16} = 3.0

And we can solve for \sum_{i=1}^n w_f *X_f and solving we got:

3.0 *(24+16) =\sum_{i=1}^n w_i *X_i +\sum_{i=1}^n w_f *X_f

And from the previous result we got:

3.0 *(24+16) =67.2 +\sum_{i=1}^n w_f *X_f

And solving we got:

\sum_{i=1}^n w_f *X_f =120 -67.2= 52.8

And then we can find the mean with this formula:

\bar X_2 = \frac{\sum_{i=1}^n w_f *X_f}{16}= \frac{52.8}{16}=16=3.3

So then we need a 3.3 on this semester in order to get a cumulate gpa of 3.0

Step-by-step explanation:

For this case we know that the currently mean is 2.8 and is given by:

\bar X = \frac{\sum_{i=1}^n w_i *X_i }{24} = 2.8

Where w_i represent the number of credits and X_i the grade for each subject. From this case we can find the following sum:

\sum_{i=1}^n w_i *X_i = 2.8*24 = 67.2

And for this case we want a gpa of 3.0 taking in count that in this semester he/ she is going to take 16 credits so then the new mean would be given by:

\bar X_f = \frac{\sum_{i=1}^n w_i *X_i+w_f *X_f }{24+16} = 3.0

And we can solve for \sum_{i=1}^n w_f *X_f and solving we got:

3.0 *(24+16) =\sum_{i=1}^n w_i *X_i +\sum_{i=1}^n w_f *X_f

And from the previous result we got:

3.0 *(24+16) =67.2 +\sum_{i=1}^n w_f *X_f

And solving we got:

\sum_{i=1}^n w_f *X_f =120 -67.2= 52.8

And then we can find the mean with this formula:

\bar X_2 = \frac{\sum_{i=1}^n w_f *X_f}{16}= \frac{52.8}{16}=16=3.3

So then we need a 3.3 on this semester in order to get a cumulate gpa of 3.0

6 0
3 years ago
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