Jenny has a balance of $10,000 on her credit card with an annual interest rate of 15%. to pay off the $10,000 in three years, jenny will have to make a minimum payment of $346.65 per month. jack has a balance of $10,000 on his credit card with an annual interest rate of 15%. to pay off the $10,000 in five years, jack will have to make a minimum payment of $237.90 per month. who will pay more during the length of their loan and by how much? a) jack will pay $1,794.60 more. b) jack will pay $1,305.00 more. c) jenny will pay $1,794.60 more. eliminate d) jenny will pay $1,305.00 more.

A) Jack will pay $1,794.60 more.

Step-by-step explanation:

For Jenny :

Balance = $10000

r = 15%

EMI = $346.65

For Jack :

Balance = $10000

r = 15%

EMI = $237.90

-----------------------------------------------------------------------------------

You can find the excel sheet attached with all the working.

Difference = = $1794.60

This means Jack will pay $1794.60 extra.

So, correct option is A) Jack will pay $1,794.60 more.

the median here is 25. your lowest value is 14 and highest value is 48. to find the third quartile, find the medium number in between 25 and 48 which would be 42 i believe.

1

step-by-step explanation:

it's the only multiple of both and the least