Astudent has a savings account earning 3% simple interest. she must pay $1900 for first-semester tuition by september 1 and $1900 for second-semester tuition by january 1. how much must she earn in the summer (by september 1) to pay the first-semester bill on time and still have the remainder of her summer earnings grow to $1900 between september 1 and january 1? (round your answer to the nearest cent.)

$3781.19

Step-by-step explanation:

Let us assume that the student has to earn $(1900 + x) by September 1 so that he can pay the $1900 tuition fee by September 1 and the remaining $x will grow at 3% simple interest to make him able to pay another tuition fee of $1900 by January 1.

So, we can write

{Because September 1 to January 1 is 4 months and the monthly simple interest rate is %}

⇒ 1.01x = 1900

⇒ x = $1881.19 (Rounded to the nearest cents)

Therefore, the student has to earn $(1900 + 1881.19) = $3781.19 (Answer)

a. the residual plot for model 1 has a random pattern and is a good fit for the data.

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