Question

C. Suppose the income from interest was $315. What would be the income from the primary job?

This is on cengage learning and l can’t seem to get it right when calculated but l do know there are errors with the system.but l would like to know the correct answer
And $6,300 is NOT correct in the computer.

Answer 1

You are correct. $6,300/month is the monthly income based on monthly interest of $315 and a 5% value.

Explanation:

See attached worksheet.

(($315/month)/0.05)) = $6,300/month

This assumes that the $315 is for one month, although the time period is not stated. It also assumes that the desired answer is also in $/month. If the question is asking for a year's income, then $6,300 needs to be multiplied by 12 ($75,600/year).

The computer [programmer] is either not explicit or not correct.