MATHEMATICS HIGH SCHOOL

Henry took out a 4 year loan for 5,000 and payed 4.2% simple annual interest. Ingrid took out a 6 year loan for 5,000 and payed 3.9% simple annual interest. What is the difference between the mounts of interest Henry and Ingrid payed for their Loans

Answers

Answer 1

Answer:

Answer:

Ingrid pays 330 more than Henry.

Henry pays 330 less than Ingrid.

Step-by-step explanation:

SI = Simple Interest

P = Principal

R = Rate

T = TIme

Henry

=> SI = P x R x T / 100

=> SI = 5,000 x 4 x 4.2 /100

=> SI = 50 x 4 x 4.2

=> SI = 200 x 4.2

=> SI = 840

Ingrid

=> SI = P x R x T / 100

=> SI = 5,000 x 6 x 3.9 / 100

=> SI = 50 x 6 x 3.9

=> SI = 300 x 3.9

=> SI = 1170

1170 - 840

=> 330

Ingrid pays 330 more than Henry.

840 - 1170

=> -330

Henry pays 330 less than Ingrid.

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Answers

9514 1404 393

Answer:

2x -3y = 15

Step-by-step explanation:

Add 5-y to put the variables on the same side of the equal sign. Then multiply by 3 to clear the fraction.

5 = 2/3x -y

15 = 2x -3y

2x -3y = 15 . . . . standard form

Final answer:

The equation y = 2/3x - 5 can be converted to standard form (Ax + By = C) by clearing the fraction and rearranging terms, resulting in 2x - 3y = 15.

Explanation:

The equation y = 2/3x - 5

is currently in slope-intercept form (y = mx + b), where

m is the slope

and b is the y-intercept. To convert this equation to standard form (Ax + By = C), we want to get rid of any fractions and rearrange the terms.

Step 1: Clear the fraction by multiplying every term by 3, resulting in: 3y = 2x - 15.

Step 2: Rearrange the terms to get the x and y terms on one side and the constant on the other: 2x - 3y = 15.

Therefore, the standard form of y = 2/3x - 5 is 2x - 3y = 15.

Learn more about Standard Form of a Line here:

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What is the estimate of 93.19?

Answers

I think the estimate of 93.19 would just be 93.

Henry wants to avoid interest capitalization on his $7,800 unsubsidized Stafford loan. Henry will graduate in four years, and the loan has a duration of ten years. The loan has an interest rate of 5.6%, compounded monthly. How much must Henry pay every month to avoid interest capitalization?

Answers

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Answer:

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Step-by-step explanation:

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Answers

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Answers

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Answer:

Step-by-step explanation:

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