Jennifer recently finished paying off her $30,000 fixed-rate student loan. She paid $303.73 per month for 10 years to
complete the payments. How much interest did she pay over the duration of the loan? Round to the nearest cent

Answers

Answer 1

Answer:

$6,447.60

Step-by-step explanation:

Since Jennifer's monthly payment was $303.73 and she paid this amount each month for 10 years, multiply the monthly payment by the number of months in 10 years, 120, to determine the total amount that she paid.

$303.73×120=$36,447.60

Now, subtract the stated amount of the loan from the total amount paid to find the amount of interest that was paid.

$36,447.60−$30,000=$6,447.60

Therefore, Jennifer paid $6,447.60 in interest through the duration of the loan.

Answer 2

The total amount of interest of loan paid by Jennifer is $ 6447.60

What is an Equation?

Equations are mathematical statements with two algebraic expressions flanking the equals (=) sign on either side.

It demonstrates the equality of the relationship between the expressions printed on the left and right sides.

Coefficients, variables, operators, constants, terms, expressions, and the equal to sign are some of the components of an equation. The "=" sign and terms on both sides must always be present when writing an equation.

Given data ,

Let the total amount of interest of loan paid by Jennifer be = A

So , the equation will be

Now , the amount she took as loan on fixed rate = $ 30,000

The amount of money Jennifer paid per month = $ 303.73

The total duration of time Jennifer paid off the loan = 10 years

10 years = 10 x 12 months

10 years = 120 months

So , the total amount paid back by Jennifer = Amount of money she paid per month x 120 months

Substituting the values in the equation , we get

The total amount paid back by Jennifer = 303.73 x 120

The total amount paid back by Jennifer = $ 36,447.6

Now , the loan interest amount paid by Jennifer A = total amount paid back by Jennifer - amount she took as loan on fixed rate

Substituting the values in the equation , we get

The loan interest amount paid by Jennifer A = $ 36,447.60 - $ 30,000

The loan interest amount paid by Jennifer A = $ 6447.60

Therefore , the value of A is $ 6447.60

Hence , The total amount of interest of loan paid by Jennifer is $ 6447.60

To learn more about equations click :

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Related Questions

There are 230 calories in 4 ounces of ice cream. How many calories are in 6 ounces of that ice cream? ​

Answers

Answer:

345 calories

Step-by-step explanation:

The easiest way to do this is to find out how many calories there are for 1 ounce. So 230 divided by 4, equals 57.5. So if 57.5 calories are in one ounce, then you just multiply by 6 to get your answer.

57.5 x 6 = 345 calories

The square of a number decreased by ten times the number is negative nine.

Answers

Answer:

answers are 1 and 9

Step-by-step explanation:

x² - 10x = -9

x² - 10x + 9 = 0

(x - 9)(x - 1) = 0

x = 9, x = 1

Answer:

Replace key words with variables, numbers, and operations. “A number squared” is a power where the base is the variable and the exponent is 2. “Decreased by ten” means you must subtract 10 from the squared number.

Step-by-step explanation:

hope this helps

For what values of b will F(x) = logbx be a decreasing function?

Answers

Answer:

It is a decreasing function for 0 < b < 1.

Step-by-step explanation:

Logarithm function:

The logarithm function is given by:

[tex]F(x) = \log_{b}{(x)}[/tex]

The base b determines if the function increases or decreases.

For 0 < b < 1, the function decreases.

For b > 1, the function increases.

In this question:

By the definition above, it is a decreasing function for 0 < b < 1.

What is the equation of the given line in slope-intercept form?
A. Y = 3x - 2
B. Y = -1/3x + 2
C. Y = -3x + 2
D. Y = 3x + 2

Answers

Answer:

C

Step-by-step explanation:

slope intercept is y=mx+b

The y-intercept is at 2 so b=2.

The slope is rise/run, equaling -3

so y= -3x+2

The weight of a small Starbucks coffee is a normally distributed random variable with a mean of 325 grams and a standard deviation of
10 grams. Find the weight that corresponds to each event. (Use Excel or Appendix C to calculate the z-value. Round your final
answers to 2 decimal places.)
3378
318.26
to
33174
a. Highest 10 percent
b. Middle 50 percent
c. Highest 80 percent
d. Lowest 10 percent

Answers

Answer:

a. Above 337.8 grams.

b. Between 318.25 grams and 331.75 grams.

c. Above 316.59 grams.

d. Below 312.2 grams

Step-by-step explanation:

Normal Probability Distribution:

Problems of normal distributions can be solved using the z-score formula.

In a set with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the z-score of a measure X is given by:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the p-value, we get the probability that the value of the measure is greater than X.

Mean of 325 grams and a standard deviation of 10 grams.

This means that [tex]\mu = 325, \sigma = 10[/tex]

a. Highest 10 percent

This is X when Z has a pvalue of 1 - 0.1 = 0.9, so X when Z = 1.28.

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]1.28 = \frac{X - 325}{10}[/tex]

[tex]X - 325 = 10*1.28[/tex]

[tex]X = 337.8[/tex]

So 337.8 grams.

b. Middle 50 percent

Between the 50 - (50/2) = 25th percentile and the 50 + (50/2) = 75th percentile.

25th percentile:

X when Z has a pvalue of 0.25, so X when Z = -0.675.

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]-0.675 = \frac{X - 325}{10}[/tex]

[tex]X - 325 = -0.675*10[/tex]

[tex]X = 318.25[/tex]

75th percentile:

X when Z has a pvalue of 0.75, so X when Z = 0.675.

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]0.675 = \frac{X - 325}{10}[/tex]

[tex]X - 325 = 0.675*10[/tex]

[tex]X = 331.75[/tex]

Between 318.25 grams and 331.75 grams.

c. Highest 80 percent

Above the 100 - 80 = 20th percentile, which is X when Z has a pvalue of 0.2. So X when Z = -0.841.

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]-0.841 = \frac{X - 325}{10}[/tex]

[tex]X - 325 = -0.841*10[/tex]

[tex]X = 316.59[/tex]

Above 316.59 grams.

d. Lowest 10 percent

Below the 10th percentile, which is X when Z has a pvalue of 0.1, so X when Z = -1.28.

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]-1.28 = \frac{X - 325}{10}[/tex]

[tex]X - 325 = -1.28*10[/tex]

[tex]X = 312.2[/tex]

Below 312.2 grams

solve 7!!!!!!!!!!!!!!!!!!!!!!!

Answers

ummmmm what? Is this a troll or something

Answer:

?

Step-by-step explanation:

from 2005 to 2015, a population of lions decreased by 2% annualy. there were 1500 of this population of likns in 2005. how many lions wew left by 2015

Answers

Answer:

30

Step-by-step explanation:

I think that's the answer but if I'm wrong tell me right away I'll try another method.

In Exercise 7, how likely is it Mrs. Phillips will open a
can of corn? a can of peas? Explain.

Answers

Answer:ptsStep-by-step explanation:

Select the correct answer.
Which of these graphs represents a function?


W.
X.

Y.
Z.
A.
W
B.
X
C.
Y
D.
Z

Answers

The graph that represents a function is graph X

For a graph to represent a function, then the graph must pass the vertical line test.

This means that, no two output values of the graph must have the same input value.

The above statement can be interpreted as:

For every x value, there must be exactly one corresponding y value.

From the given graphs, only graph X passes the vertical line test, because every x value has exactly one corresponding y value.

Hence, the graph X represents a function

Read more about graphs and functions at:

https://brainly.com/question/3939432

Answer:

the answer is x ! hope this helps

Step-by-step explanation:

i took the test

Can y’all help me solve this?

Answers

Do you have to give me the whole graph lol

Please help me!


What is the volume of the prism below?

2 3/4 units3
3 1/2 units3
5 units3
8 units3​

Answers

Answer:

Step-by-step explanation:

Answer:

3 1/2 units cubed.

1 3/4 · 1 · 2 = 3 1/2

.. Is the product of (-2.1)(3.7)(8)(4.5) positive or negative?*

Answers

Answer:

negative

Step-by-step explanation:

(-2.1)(3.7)(8)(4.5)= -279.72

3. A lemonade recipe calls for 1 cup each of sugar and lemon juice and 8 cups of water

Answers

Answer:

what exactly are we solving

Step-by-step explanation:

The seventh-grade class supplied bags of snacks and beverages for the school dance. They supplied 50 more beverages than bags of snacks. The dance was supplied with a total of 400 items. How many of each were supplied.


A) Define the variables.


B) Write a systems of equations for the situation.


C) Graph the system.

Answers

Answer:

C

Step-by-step explanation:

Hope this help and have a nice day

Parallel slope of line x-7y=7

Answers

Answer:

The slope would be x/y so really the b value could be anything if you leave the slope the same. Hope this helps!

Step-by-step explanation:

x - 7y = 7

-7y = -x + 7

7y = x - 7

y = x/7 - 1

A CD cost a music store $5.75 to make. If the markup is 125%, what is going to be the cost of the CD in the store?

Answers

Answer:

12.94

Step-by-step explanation:

5.75x125%=7.19

7.19+5.75=12.94

PLEASE HELP THIS IS DUE I HAVE BEEN TRYING AND DONT UNDERSTAND IT!!!!

Answers

Answer:

Step-by-step explanation:

Moving a coordinate left will subtract from the x coordinate (left 3 means subtract 3 from x coordinate)

Moving a coordinate right will add to the x coordinate (right 3 means add 3 to x coordinate)

Moving a coordinate down will subtract from the y coordinate (down 3 means subtract 3 from y coordinate)

Moving a coordinate up will add to the y coordinate (up 3 means add 3 to y coordinate)

Reflect means flip the sign of the corresponding coordinate

reflect over x axis flip the sign of x coordinate

reflect over y axis flip the sign of y coordinate

Find the area and perimeter the Gym, Cafeteria, and Locker
Room drawn in the blueprint.
Type the area in the top
bubble and the perimeter in the bottom bubble. Do not worry about the
doorways when calculating perimeter. (Numbers only)

Answers

Answer:

Gym: A=100 P=41

Cafeteria: A=144 P=48

Locker room: A=75 P= 37

Which of the following numbers is equivalent to
√48?

Answers

Answer: you forgot attachment

Step-by-step explanation:

It would be 6.928......
But since you didn’t include an answer it could also be 7 or maybe 6.930

All of the following numbers are rational except _____.

Answers

Answer:

D 1.44

Step-by-step explanation:

the answer is the last one 1.44

Answer:

√17

Step-by-step explanation:

√121 = 11

√25 = 5

√1.44 = 1.2

√17 is an irrational number/

First, rewrite
7/9 and 16/21
so that they have a common denominator.

Answers

49/63 and 48/63..........

Help I will give out

Answers

Answer:

x = 9

Step-by-step explanation:

The line splits the sides of the triangle in proportion (the ratios of the pieces is the same for both sides).

Setup:

[tex]\frac{8}{3x+1}=\frac{2}{x-2}[/tex]

"Cross multiply."

[tex]2(3x+1)=8(x-2)\\6x+2=8x-16\\18=2x\\9=x[/tex]

Can someone help me out pls.
What was done to the previous equation?
A) 2x – 10. <--original equation
B) 11x – 10
C) -8 + 11x – 2
D) -8 – 11x – 2
E) -8 + 6x + 5x – 2
F) -8 – 3x + 5x – 2​

Answers

Ok ill answer the question but do you want me to evaluate it or find it to the simplest form ?

Dmitri wants to cover the top and sides of this box with glass tiles that are 1 cm square. How many tiles
will he need?
8 cm
20 cm
Dmitri will need
18 cm
glass tiles.

Answers

9514 1404 393

Answer:

  968

Step-by-step explanation:

The area of the top and sides is given by the formula ...

  A = LW +2H(L +W)

  A = (20 cm)(18 cm) +2(8 cm)(20 cm +18 cm)

  A = (360 +16(38)) cm² = 968 cm²

Since the tiles are 1 cm², 968 tiles are needed.

A rectangular gate is made using 6 straight pieces of steel.the weight of the steel is 2.5 kg per metre . Work out the total weight of the steel gare

Answers

Answer:

150 kg

Step-by-step explanation:

here is the complete question

A rectangular gate is made using 6 straight pieces of steel.

5 m

12 m

The weight of the steel is 2.5 kg per metre.

Work out the total weight of the steel gate.

To solve this question determine the square root of 12 and 5

√169 = 13

5 + 12+ 5 + 12+ 13 + 13 = 60 m

total weight = 60 x 2.5 = 150kg

Please help ! Please help!

Answers

6x + 2 = 62

6x + 2 - 2 = 62 - 2

6x = 60

6x / 6 = 60 / 6

x = 10

12xy {}^{2} +xy {}^{2}z +3xy
[tex] {?}^{2} [/tex]

Answers

Answer:

xy(12y + yz + 3)

Step-by-step explanation:

GCF = xy

Take (xy) from each term

12xy² + xy²z + 3xy = xy(12y + yz + 3)

kendrick bought 5 gallons of gass for 16.25. how much did kendrick pay per gallon?

Answers

Answer:

$3.25 per gallon

Step-by-step explanation:

Answer: he paid 3.25 for each gallon

Step-by-step explanation:

Divide the money (16.25) by the gallon (5) and get 1 gallon for 3.25

The graph of y=f(x) is given below. Which of the answer choices shows the graph of y=f(1/3x)?

Answers

up one over three

Step-by-step explanation:

start at 3

HELPPPLPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPP

Answers

C May be the answer sorry if it is wrong.

It is C. 42 oz

--------

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