Basic College Mathematics (10th Edition)

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

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: $$ =39,508,000\times .137 \\ = 5,413,000\ loans $$
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