Answer
$$ 5,413,000\ loans $$
Work Step by Step
We multiply the total number of loans by the percentage of defaults (13.7%) as a decimal, which is .137. Doing this, we find:
$$ =39,508,000\times .137 \\ = 5,413,000\ loans $$
Basic College Mathematics (10th Edition)
by Lial, Margaret L.; Salzman, Stanley A.; Hestwood, Diana L.
Published by
Pearson
ISBN 10:
0134467795
ISBN 13:
978-0-13446-779-5
Chapter 6 - Percent - Summary Exercises - Using the Percent Proportions and Percent Equation - Page 432: 21
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