Jocelyn is considering taking out one of the two following loans. loan h is a three-year loan with a principal of $5,650 and an interest rate of 12.24%, compounded monthly. loan i is a four-year loan with a principal of $6,830 and an interest rate of 10.97%, compounded monthly. which loan will have the smaller monthly payment, and how much smaller will it be? round all dollar values to the nearest cent.
a.
loan h's monthly payment will be $42.46 smaller than loan i's.
b.
loan h's monthly payment will be $140.79 smaller than loan i's.
c.
loan i's monthly payment will be $11.88 smaller than loan h's.
d.
loan i's monthly payment will be $26.98 smaller than loan h's.

option-C

Loan I's monthly payment will be $11.88 smaller than Loan H's.

Step-by-step explanation:

Loan H:

we are given

It is three year loan

so, t=3

n=12*3=36

P=5650

r=12.24% /12 =0.1224/12 =0.0102

now, we can use formula

now, we can plug values

we get

Loan I:

we are given

It is four year loan

so, t=4

n=12*4=48

P=6830

r=10.97% /12 =0.00914

now, we can use formula

now, we can plug values

we get

now, we can find difference

EMI(H)-EMI(I)=188.3091-176.41880

difference=$11.89

so, Loan I's monthly payment will be $11.88 smaller than Loan H's

step-by-step explanation:

the population of other specie of birds will decline or other specie of birds will find some alternate source of food to survive.

explanation:

according to the competitive exclusion principle, which is also known as gause's law, two specie living in the same niche and feeding on the same resource cannot co-exist stably.

as we have well studied the theory of natural selection which states that only those organisms survive which have better tendency to compete for food and adapt to the environmental conditions.

coming towards the question, what wi ll happen when one species outcompetes the other for the small fish , the other specie will not get enough food and will start to die or decline in population. eventually either other specie needs to find another alternative food source for itself or migrate at some other location where there is less competition otherwise it will just not exist anymore at that niche.

hope it !