Gertrude takes out a $5,500 subsidized stafford loan, which must be paid back in ten years. 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, how much interest will she pay by the time the loan is repaid? round all dollar values to the nearest cent. a. $4,462.40 b. $1,213.28 c. $1,713.69 d. $2,094.80

Answers

Answer 1

The total amount of interest will Gertrude pay by the time the subsidized Stafford loan is repaid is $2094.80.

What is compound interest?

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,

[tex]A=P\times\left(1+\dfrac{r}{n\times100}\right)^{nt}\\[/tex]

Here, A is the final amount (principal plus interest amount) on the principal amount P of with the rate r of in the time period of t.

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,

[tex]5500=P_{mt}\times\left(1-\dfrac{6.8}{12\times100}\right)^{-12\times10}\\P_{mt}=63.29[/tex]

In the 10 years, the refund she gets,

[tex]A_r=63.29\times12\times100\\A_r=7594.8[/tex]

Interest paid by her is,

[tex]I=7594.8-5500\\I=2094.8[/tex]

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;

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Answer 2

Answer: D

Step-by-step explanation:


Related Questions

Write a word problem to match the shaded fraction bar 3/4

Answers

Answer:

shaded part=3/4

unshaded part=1/4

Total=1

Electric guitar kits originally cost $d$ dollars online. You buy the kits on sale for $50\%$ of the original price, plus a shipping fee of $\$4.50$ per kit. After painting and assembly, you sell each guitar online for $\left(1.5d+4.5\right)$ dollars. Find your profit on each guitar sold.

Answers

let's keep in mind that Profit = Revenue - Costs.

so each guitar costs originally "d" dollars online.

you buy the kits at half price, 50% of the original price, well, the original price is "d", half "d" is just 0.5d, and there's a shipping charge of $4.50.  So the Cost to get one kit alone for you is 0.5d + 4.50.

After some work, you resell the kits online for 1.5d + 4.5, so since that's the selling price that is your Revenue for one kit.

[tex]\stackrel{\textit{\Large Profit}}{\stackrel{Revenue}{(1.5d~~ + ~~4.50)}~~ - ~~\stackrel{Costs}{(0.5d~~ + ~~4.50)}}\implies 1.5d+4.5-0.5d-4.5 \\\\\\ 1.5d-0.5d+4.5-4.5\implies 1d\implies d[/tex]

Charmaine got a prepaid debit card with $15 on it. for her first purchase with the card, she bought some bulk ribbon at a craft store. the price of the ribbon was 21 cents per yard. if after that purchase there was $12.27 left on the card, how many yards of ribbon did charmaine buy?

Answers

Answer:

15- 12.27 = 2.73

2.73 is how much she spent on the ribbon.

2.73/ 0.21 = 13

She purchased 13 yards.

I NEED THE ANSWER |(-2+1)*3)|

Answers

Answer:

The answer is 3

Step-by-step explanation:

add -2+1 first equal -1 flip -1 to positive equal 1. Multiply 3*1 and that equals 3

Anwser for 4.5 times 3.6

Answers

Answer:

16.2

Step-by-step explanation:

calculator :0

The answer for 4.5 times 3.6 is 16.2

A 70kg person jumps off a staircase. They are going 5 m/s just before they hit the ground. How high up where they.

Answers

Answer:

0.02 seconds

Step-by-step explanation: A 70kg man jumps 1.00 meters down onto a concrete walkway. His downward motion stops in 0.02 seconds.

Answer:

1.25m

Step-by-step explanation:

v=u+gt

5=0+10t

5=10t

t=0.5s

s=ut+1/2gt^2

=0+(0.5×10×(0.5)^2)

=1.25m

How many flowers, spaced every 4 in., are needed to surround a circular garden with a 150-ft radius? Use 3.15 for (pie symbol)

Answers

Answer:

2835 flowers

Step-by-step explanation:

We need the circumference of the garden, with it's 150' radius.  Circumference, C,  is given by:  C = 2[tex]\pi[/tex]r.  I'll use [tex]\pi[/tex]=3.15, as you have requested, but it is actually closer to 3.14.

C = 2*(3.15)*150'

C = 945'

4 inches = 1/3 foot.

Every 1/3 of a foot of the circumference will have a flower.  We can make this a conversion factor:   3 flowers/foot

Flowers = (945')*( 3 flowers/foot) = 2835 flowers

Whoever gets it right get s brainlest This figure shows the dimensions of a right triangular prism.


What is the volume of the right triangular prism in cubic meters?


16 m3

24 m3

48 m3

144 m3

Answers

Answer:

48

Step-by-step explanation:

8x3x2= 48

Answer:

its 48

Step-by-step explanation:

8x3x2= 48

Destiny performs a hypothesis test on a population with µ = 115 and Sigma = 30. Her sample size is 25 with a mean of 120. 4. Which of the following correctly depicts the z-statistic for this data? 0. 04 0. 90 3. 53 3. 93.

Answers

The correct answer which refers to the z-statistic for this data is b)0.90.

What is a Hypothesis Test?

The hypothesis Test refers to the statistical approach where the test is applied to an assumption regarding a population parameter.

It is given that µ = 115 and Sigma = 30.

sample size is 25 with a mean of 120.4

The formular for z-statistic is

z = (x – u) / (σ / sqrt n)

Therefore, we input the values and we get

z = (120.4 – 115) / (30 / sqrt 25)

We calculate further and we get

z = 0.90

Therefore, the correct answer is option b.

Learn more about the hypothesis test here:

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Select Statistical or Not Statistical to classify each question.
Statistical Not Statistical
How many cups are in 3 gallons?
Statistical – How many cups are in 3 gallons?
Not Statistical – How many cups are in 3 gallons?
How many months are in a year?
Statistical – How many months are in a year?
Not Statistical – How many months are in a year?
How many brothers do you have?

Answers

Answer:

Statistical

Statistical

Not Statistical

Step-by-step explanation:

Not Statistical – How many cups are in 3 gallons?Not Statistical – How many months are in a year?Not Statistical - How many brothers do you have?What is a Statistical question?

These are answered by data collection and has some form of variability while non-statistical question has no variability.

The questions asked above won't have any form of variability and requires no data collection thereby making all of them not statistical.

Read more about Statistical question here https://brainly.com/question/12150562

x + 3y = 3
x - 5y = -29
solve by elimination

Answers

Answer:

x=-9

y=4

Step-by-step explanation:

x + 3y = 3

x - 5y = -29

Multiply the second equation by -1

-x + 5y = 29

Add the two equations together to eliminate x

x + 3y = 3

-x + 5y = 29

---------------------

0x +8y = 32

Divide each side by 8

8y/8 = 32/8

y = 4

Now solve for x

x+3y =3

x+3(4) = 3

x+12 = 3

Subtract 12 from each side

x+12-12 = 3-12

x = -9

A customer in Maine orders a Dog Treat Bundle for $34.80. The sales tax in Maine is 5.5%. How much sales tax is collected on the order?

Answers

Answer/Step-by-step explanation:

GIven;

A customer in Maine orders a Dog Treat Bundle for $34.80.

The sales tax in Maine is 5.5%.

To Find;

How much sales tax is collected on the order?

Solve;

$34.80 * 5.5% = 1.914

Round: 1.914 = 1.91 [Sales tax added]

$34.80 + 1.91 = 32.89 [Total]

Hence, $1.91 sales tax is added and $32.89 is the total (include sales tax)

~Learn with lenvy~

Write a decimal that is greater than 3.3 and less than 3.73

Answers

Answer: The answer can be 3.4, 3.5, 3.6, and even 3.7

Explain:

It is all because if you got an answer that you need to be between into it, you can start like this. For example: What number is between 3 and 4, well it's 3.5. So do that with the decimal, it's like the same thing.

What if it was between 3.4 and 3.6, than it's anywhere 3.51, like that, or 3.5, to make it simple.

I hope that was helpful

Step by step please

Answers

AC^2 =AB^2+BC^
BC^2=AC^2 - AB^2=37^2-35^2
BC^2=1369-1225 =144 = 12^2
BC= 12in
Area of figure = area of a square + area of triangle
Hence the area would be 996in^2
(Brainiest pls took me like 5 minutes solve) Have a great day/night.

Find the value of x.
log x 8 = 0.5
ОА.
4.
OB.
16
O C.
32
OD.
64

Answers

Answer:

The answer to your question is D 64

Step-by-step explanation:

hope this helps you have a wonderful day.

if 192 students are in 4 buses how many students are in each bus?

Answers

Answer:

48

Step-by-step explanation:

192/4=48

Hope this helps!!!

Answer:

48 students

Step-by-step explanation:

Given that:

192 student are in 4 buses

To Find:

How many students are in each bus

Solution:
To find how many students are in each bus we have to divide. 192 by 4.

192 ÷ 4  which given us 48.

Therefore, there are 48 students in each bus.

~lenvy~

solve the following
7(-2x+4)=-4x
PLS TELL ME QUICKLY

Answers

Answer:

x = 2.8

Step-by-step explanation:

[tex]7\left(-2x+4\right)=-4x[/tex]

[tex]-14x+28=-4x[/tex]

[tex]\mathrm{Subtract\:}28\mathrm{\:from\:both\:sides}[/tex]

[tex]-14x+28-28=-4x-28[/tex]

[tex]\mathrm{Simplify}[/tex]

[tex]-14x=-4x-28[/tex]

[tex]\mathrm{Add\:}4x\mathrm{\:to\:both\:sides}[/tex]

[tex]-14x+4x=-4x-28+4x[/tex]

[tex]\mathrm{Simplify}[/tex]

[tex]-10x=-28[/tex]

[tex]\mathrm{Divide\:both\:sides\:by\:}-10[/tex]

[tex]\frac{-10x}{-10}=\frac{-28}{-10}[/tex]

[tex]x=\frac{14}{5}[/tex]

[tex]x=2.8[/tex]

[RevyBreeze]

Hello I'm just here to say if a question asks "circle all of the expressions that are equivalent to some type of math question do i pick more than one? ​

Answers

Based on the wording of the question, I believe that the answer allows you to pick more than one. However, there still may only be one answer.

The length of a rectangle is 4 cm less than twice its width. The perimeter of the
rectangle is 58 cm. What are the dimensions of the rectangle?

Answers

Step-by-step explanation:

Let width be x

according to question

length = 2x-4

perimeter = 58

now,

perimeter = 2(length + width)

58 = 2(x+2x-4)

58 = 6x-8

6x = 66

x = 11

putting value of x in length

2x-4

= 2 X 11 -5

= 18

hence the dimensions of the rectangle is 18 and 11

what are the coordinates of point G

Answers

Calculate distance of G from x and y axis(1 box=1unit)

x axis=8y axis=5

So

the coordinate is

(x,y)=(5,8)

Answer:

(5,8)

Step-by-step explanation:

x=5

y=8

(x,y)= (5,8)

The least common denominator of 7/12, 1/3, and 3/4 is

Answers

Answer:

12.

Step-by-step explanation:

3, 4, and 12 all divide into 12 .

A window in Lynn and Jorge's house needs to be
replaced. The rectangular window is 3 feet 5 inches
tall and 2 feet 7 inches wide. Change each of the
measurements to inches.
(a) Find the perimeter of the window in inches.
(b) If the perimeter needs to be sealed with insulation
that is $0.50 per inch, how much will it cost to insulate
the perimeter?

Answers

Answer: change to inches:41 inches tall. 31 inches wide. perimeter:144 inches. perimeter insulation: costs $72

Step-by-step explanation:

Answer:

Step-by-step explanation:

Note: 1 foot is made up of 12 inches.

3 feet 7 inches = 3 * 12 + 7 = 36 + 5 = 41

2 feet 7 inches = 2 * 12 + 7 = 24 + 7 = 31

Part A

P = 2L + 2W                   Substitute the above Values into this equation

P = 2*41 + 2*31              Combine

P = 82 + 62                    Add

Answer: P = 144

Part B

1 inch costs 0.5 dollars

144 inches cost x

1/144 = 0.5/x              Cross Multiply

x = 144 * 0.5

Answer: x = 72 dollars

I will give you more points if you give me the correct answer

Answers

Step-by-step explanation:

2000 <= (178 + S) + S

remember, they needed to collect at least 2000 cans.

S = the number of cans Shane collected.

the number of cans Abha collected is 178 more than S (the number of cans Shane collected).

and from there we get

2000 <= 178 + 2S

1822 <= 2S

911 <= S

so, the solution set is

S >= 911

and

Abha >= 1089

Finn, Michael, and Chris are going to have a movie night this weekend. Together, they have 31


movies. If they decide to randomly choose three movies, what is the probability that the three they choose will consist of each of their favorite movies? Assume they have different favorites. Express your answer as a fraction in lowest terms or a decimal rounded to the nearest millionth

Answers

— How would you determine the value of each pile? Think about the dime pile—how much is it worth? If you count the number of dimes, you'll know ...

The probability that the three they choose will consist of each of their favorite movies is 1/29791.

What is probability?

It is defined as the ratio of the number of favorable outcomes to the total number of outcomes, in other words, the probability is the number that shows the happening of the event.

It is given that:

Finn, Michael, and Chris are going to have a movie night this weekend. Together, they have 31 movies.

Total number of outcomes = 31

They choose three movies out of 31

Let us assume that  Finn, Michael, and Chris have 1 favorite movie out of 31.

The probability that the three they choose will consist of each of their favorite movies:

= (1/31)(1/31)(1/31)

= 1/29791

Thus, the probability that the three they choose will consist of each of their favorite movies is 1/29791.

Learn more about the probability here:

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Consider the division statement 1/4 divided by 7/16

Answers

Answer:

4/7

Step-by-step explanation:

1/4 divided by 7/16 is the same thing as 1/4 * 16/7. Multiply this and you will get the fraction of 16/28. Once simplified, this comes out to be 4/7.

What are any tricks for remembering the Pythagorean theorem?

Answers

Answer:

No. Just no the formula

Hyp2= Adj2 +Opp2

The Pythagorean theorem states that the square on the hypotenuse is equal to the sum of the squares on the other two sides in a right triangle.

What is the Pythagoras theorem?

Pythagoras came up with a theorem that says, “the square of the hypotenuse of a right-angled triangle is equal to the sum of the square of the other two sides.” This theorem is known as the Pythagoras theorem.

Pythagorean theorem is a theorem in geometry that relates all the three sides of a right triangle.

It states that, in a right triangle, the square on the hypotenuse is equal to the sum of the squares on the other two sides.

A right triangle is a three-sided closed geometric plane figure in which one of the 3 angles is 900.

In a right triangle, the side opposite to the right angle is the longest side and is called the hypotenuse.

The horizontal side forming the right angle is called the base of the right triangle and the vertical side is the hypotenuse.

For example, if ΔABC is a right triangle with sides AB, BC, and AC such that the triangle is right-angled at B, then the Pythagoras equation is written as:

[tex]\rm Hypotenuse ^2= Base^2+ Perpendicular^2\\\\AB^2+BC^2=AC^2[/tex]

Hence, the Pythagorean theorem states that the square on the hypotenuse is equal to the sum of the squares on the other two sides in a right triangle.

Learn more about Pythagoras' theorem here;

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How many solutions does each polynomial have?

Answers

Answer:

Every polynomial equation P(x) = 0 of any degree ≥ 1 with complex number coefficients has at least one complex number solution.

Step-by-step explanation:

From midnight to 6:00 am, the temperature rose 8°C. At 6:00 am, the temperature was −20°C. What was the temperature at midnight?

Answers

Answer:

The answer is -28C

Step-by-step explanation:

dont forget to smile today:)

A news report says that 28%
28
%
of high school students pack their lunch.
Your high school has 600
600
students.

How many students in your high school would you expect to pack their lunch?

Answers

you would do 600 x 28% then subtract what that equals from 600 to get the answer.
600 x 28% = 168
600-168= 432
you would guess that 432 students pack don’t pack lunch and 168 pack lunch

Is (3, -5) a solution to this system of equations?

y = -1/3x - 4
y = -2x + 1

Yes or No

Answers

Answer: Yes

Step-by-step explanation:

Solve the system of equations by setting the two substituting the first y equation in for the second and getting: -1/3x - 4 = -2x + 1.

Now, add 2x to the left side to cancel it from the right and add 4 to the right side to cancel if from the left to get: (5/3)x = 5

Solve for x to get 3.

Plug x into the second equation (could be either equation though) and get: y = -2(3) = 1 = -5.

Thus, (3,-5) is a solution :)

Yess,
Solve for the system of equations
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