6 ) When a business opens, it has an initial value of $956K. Two years later, the company has a value of $1.26 million. By how many dollars has the company increased in value? Do not round. dollars By what percentage has the company increased in value? Round the percentage to one decimal place.

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. JonesIn 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 balancedecreasedby dollars.
• Part 2 -Ms. SmithIn 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 balancedecreasedby percentage points.
• 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? 1) It is NOT possible for both of them to make this claim because Ms. Smith paid off the greater percentage and the greater dollar amount of her student loan balance.
• 2 )It is NOT possible for both of them to make this claim because Mr. Jones paid off the greater percentage and the greater dollar amount of his student loan balance.

3) It is possible for both of them to make this claim because Ms.Smith paid off the the greaterpercentageof her student loan balance while Mr. Jones paid off the greaterdollar amountof his student loan balance.

4) It is possible for both of them to make this claim because Mr. Jones paid off the the greaterpercentageof his student loan balance while Ms. Smith paid off the greaterdollar amountof her student loan balance.

Answer rating: 100% (QA)

Part 1 Mr Jones To calculate the change in Mr Jones loan balance we need to find 714 of his initial ... View the full answer