Consider a student loan of $17.500 at a fixed APR of 12% for 15 years a Calculate the monthly payment. b. Determine the total amount paid over the term of the loan c. Of the total amount paid, what percentage is paid toward the principal and what percentage is paid for interest.​

the solution of the equation is 2.23 ⇒ answer b

step-by-step explanation:

* lets revise the meaning of exponential function

- the form of the exponential function is y = ab^x, where a ≠ 0, b > 0 ,  

  b ≠ 1, and x is any real number

- it has a constant base b

- it has a variable exponent x

- to solve an exponential equation, take the log or ln of both sides,  

  and solve for the variable

* lets solve the problem

∵

- the base is 7 and the exponent is x

- insert ㏑ in both sides

∴

- use the rule

∴ x ㏑(7) = ㏑(77)

- to find x divide both sides by ㏑(7)

∴

* the solution of the equation is 2.23 to the nearest 2 decimal places

i'm not really sure how to answer that

step-by-step explanation:

ѕнє ¢αи ∂яινє 132 кιℓσмєтєяѕ

нσρє ι ¢συк∂ нєℓρ