The table below displays the student loan balances for two college graduates in 2010 (the year of their graduation). 2010 Mr. Jones $6,400 Ms. Smith $27,200 Expand each part and complete the questions. Part 1 - Mr. Jones In the 3 years since graduation, Mr. Jones' loan balance has decreased by 71.4%. Calculate the change in his loan balance. Round your result to the nearest whole number and then complete the sentence below. Between 2010 and 2013, Mr. Jones' student loan balance ---Select--- decreased increased by ---Select--- percent years percentage points dollars . Part 2 - Ms. Smith In the 3 years since graduation, Ms. Smith's loan balance has decreased by $16,460. Calculate the percentage change in her loan balance. Round your result to one decimal place and then complete the sentence below. Between 2010 and 2013, Ms. Smith's student loan balance ---Select--- increased decreased by ---Select--- percentage points years percent dollars . Part 3 - Greater student loan reduction? When comparing their student loan balances, both Mr. Jones and Ms. Smith claimed that they had paid off the greater part of their loan. How is it possible for both of them to make that claim?
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The table below displays the student loan balances for two college graduates in 2010 (the year of their graduation).
| 2010 | |
|---|---|
| Mr. Jones | $6,400 |
| Ms. Smith | $27,200 |
Expand each part and complete the questions.
-
Part 1 - Mr. Jones
In the 3 years since graduation, Mr. Jones' loan balance has decreased by 71.4%. Calculate the change in his loan balance. Round your result to the nearest whole number and then complete the sentence below.
Between 2010 and 2013, Mr. Jones' student loan balance ---Select--- decreased increased by ---Select--- percent years percentage points dollars . -
Part 2 - Ms. Smith
In the 3 years since graduation, Ms. Smith's loan balance has decreased by $16,460. Calculate the percentage change in her loan balance. Round your result to one decimal place and then complete the sentence below.
Between 2010 and 2013, Ms. Smith's student loan balance ---Select--- increased decreased by ---Select--- percentage points years percent dollars . -
Part 3 - Greater student loan reduction?
When comparing their student loan balances, both Mr. Jones and Ms. Smith claimed that they had paid off the greater part of their loan. How is it possible for both of them to make that claim?
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