A student graduate from college with 51,000 in student loans with a 6.8% and you simple interest rate. In order to reduce his debt as quickly as possible, beginning next month he is going to pay 600 per month towards the loan. After his first payment how much will he go on the loan?
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
A student graduate from college with 51,000 in student loans with a 6.8% and you simple interest rate. In order to reduce his debt as quickly as possible, beginning next month he is going to pay 600 per month towards the loan. After his first payment how much will he go on the loan?
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