Ada Had $12,500 in Student Loans

question 17

Multiple Choice

Ada had $12,500 in student loans. On Sept 3, she began repayments of $450 per month when interest rates were 9.2% annually. On October 8 the interest rates rose to 9.5%. By what amount will the principal be reduced given the $450 payment on October 31?

• A) $361.42
• B) $355.18
• C) $352.09
• D) $350.01
• E) $347.78

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Definitions:

Evolutionary Lines

Paths of descent or lineages that show the evolutionary history and relationships among organisms.

Genus

A rank in the biological classification system (taxonomy) that groups together species that are closely related.

Species Taxa

The basic unit of classification in biological taxonomy, used to group individuals that are capable of interbreeding.

Scientists

Individuals engaged in systematic activity to acquire knowledge involving observation and experimentation in the field of natural sciences.