Jocelyn is considering taking out one of the two following loans. loan h is a three-year loan with a principal of $5,650 and an interest rate of 12.24%, compounded monthly. loan i is a four-year loan with a principal of $6,830 and an interest rate of 10.97%, compounded monthly. which loan will have the smaller monthly payment, and how much smaller will it be? round all dollar values to the nearest cent.
a.
loan h's monthly payment will be $42.46 smaller than loan i's.
b.
loan h's monthly payment will be $140.79 smaller than loan i's.
c.
loan i's monthly payment will be $11.88 smaller than loan h's.
d.
loan i's monthly payment will be $26.98 smaller than loan h's.

option-C

Loan I's monthly payment will be $11.88 smaller than Loan H's.

Step-by-step explanation:

Loan H:

we are given

It is three year loan

so, t=3

n=12*3=36

P=5650

r=12.24% /12 =0.1224/12 =0.0102

now, we can use formula

now, we can plug values

we get

Loan I:

we are given

It is four year loan

so, t=4

n=12*4=48

P=6830

r=10.97% /12 =0.00914

now, we can use formula

now, we can plug values

we get

now, we can find difference

EMI(H)-EMI(I)=188.3091-176.41880

difference=$11.89

so, Loan I's monthly payment will be $11.88 smaller than Loan H's

a) one student is chosen from classroom a, then a student is chosen from classroom b.  

step-by-step explanation:

independent events are ones in which the probability of one event does not affect the probability of the second event.

one student is chosen from classroom a; this does not affect the chances of choosing a student from classroom b.   this makes these independent events.

when one card is chosen from a standard deck and then set aside before a second card is chosen, the probability of the second card being chosen changes.   this makes them dependent events.

when one student is chosen from classroom a and then a second student is chosen from classroom a, the probability of choosing the second student changes.   this makes them dependent events.

when a letter is chosen from the alphabet and then a second letter is chosen, the probability of choosing the second letter changes.   this makes them dependent events.

to determine the unit cost your would divide the total cost by the number sold.

7 bagels for $4.41       $4.41/7 = $.63 each at fresh side

5 bagels for $3.60         $3.60/5 = $.72 each at value mart