Milly is planning to borrow $30,000 to remodel her kitchen. She contacted several loan companies, and she is comparing two different options. Company 1 offeres an interest rate of 4.5%.

Company 2 offers an interest rate of 7.4%.

Both loan options involve simple interest and must be repaid in exactly 4 years. How much more will Milly pay in interest if she chooses to borrow the money from Company 2?

a
$8,880
b
$5,400
c
$1,920
d
$3,480

do you have any choices

step-by-step explanation:

answer: f = 32.2m

step-by-step explanation: that is the answer

x ≥ 18 is your answer

step-by-step explanation:

let "a number" = x

(2/3)x + 17 ≥ 29

isolate the variable (x). do the opposite of pemdas (parenthesis, exponent (& root), multiplication, division, addition, subtraction).

first, subtract 17 from both sides.

(2/3)x + 17 (-17) ≥ 29 (-17)

(2/3)x ≥ 29 - 17

(2/3)x ≥ 12

next, multiply 3/2 to both sides to isolate the x

(3/2)(2/3)x ≥ 12(3/2)

x ≥ 12(3/2)

simplify. multiply, then divide

x ≥ (12 * 3)/2

x ≥ (36)/2

x ≥ 18

x ≥ 18 is your answer

~