Question

Hey can anyone help me with this pls? 7th grade Algebra Percent Models: Kate has $27,344 in student loans. If she has paid 12%, how much does she have left to pay? Round to the nearest cent.

Answer 1

$24,062.72

Explanation:

In order to find out how much Kate has left to pay on her student loans after paying 12%, we can calculate 12% of $27,344 and then subtract it from the total amount.

First, calculate 12% of $27,344:

`\sf 12\% of \$ 27,344 = (12)/(100)* \$27,344 =\$3281.28`

Now, subtract this amount from the total amount she owes:

`\sf \$27,344 - \$3,281.28 = \$24,062.72`

Kate has approximately $24,062.72 left to pay on her student loans after paying 12%.