Basic College Mathematics (10th Edition)

Published by Pearson
ISBN 10: 0134467795
ISBN 13: 978-0-13446-779-5

Chapter 6 - Percent - 6.1 Basics of Percent - 6.1 Exercises - Page 387: 60

Answer

$1160

Work Step by Step

If Linda Redding needs 2320 dollars for school and living expenses this semester and she applied for a loan that covers 50% of the amount, this means that loan will cover half of the cost. Therefore, the loan will be worth $.5\times2320=1160$ dollars. 50%$=50\div100=.5$ $2320\times.5=1160$ dollars
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