Pedro has a student loan of $62,845. This loan has a simple interest rate of 7% per year. What is the amount of interest that Pedro will be charged on this loan at the end of the year?

hello from mrbilldoesmath!

answer:   (7x + 6y) ( 49x^2 - 42xy + 36y^2)

discussion:

in general, the factorization of a^3 + b^3 is

a^3 + b^ 3 = (a + b) ( a^2 - ab + b^2)

in our case note that 343 = 7^3 and 216 = 6^3 so the equation becomes:

343x^3 + 216y^3 = (7x)^3 + (6y)^3

if you think of a (above) as 7x and b as 6y the factorization becomes

343x^3 + 216y^3 =

((7x + 6y) (   (7x)^2 - 7x*6y + (6y)^2)   =

(7x + 6y) ( 49x^2 - 42xy + 36y^2)

you,

mrb

(a + b) (a^2 - a b + b^2)

the functions have the same rate of change i think. i narrowed it down to this answer and "the rate of change of tour 1 is greater" but i got it wrong using that answer so im assuming its the answer above. (this is a question i also answered from the iready site if anyone needs a reference)