Mark is graduating from college in six months, but he will need a loan in the amount of $7,038 for his last semester. He may either receive an unsubsidized Stafford Loan with an interest rate of 6.8%, compounded monthly, or his parents may obtain a PLUS Loan with an interest rate of 7.8%,
compounded monthly. The Stafford Loan has a grace period of six months from the time of graduation. Which loan will have a higher balance at the
time of repayment and by how much?

1,150 give brainliest

step-by-step explanation

2r= 2300

r =1150

hello!

to begin with, we're given that on earth, a rock weighs 20 pounds, and while on jupiter, that same rock weighs 42 pounds. now, we're trying to find the weight of a rock that weighs 10.5 pounds on earth, on jupiter.

to solve this, first, set up a proportion, cross-multiply, and solve it algebraically.

setting up the proportion is the hardest and the most confusing part of the problem, but it's simple.

if on earth, the rock weighs 20 lbs, and on jupiter it weighs 42 lbs, our first part of our proportion is 20/42 lbs. the second part has to be equal to each other. this means that 10.5 has to be on the numerator of the fraction, and x, the value we're trying to find, has to be on the denominator. remember that the rock weighs 10.5 lbs on earth, and we're trying to find the weight of it on jupiter (which is x).

20/42 = 10.5/x

next, you would cross-multiply.

20x = 42(10.5)

20x = 441

now, solve it algebraically by using division.

x = 22.05 lbs

this can be rounded to 22.1 lbs.

therefore, the weight of the rock on jupiter is 22.1 lbs, the fourth choice.