Miles and Nick each separately apply for and receive loans worth $5,000 apiece. Miles has a very good credit score, so his loan has an APR of 7.75%, compounded monthly. Nick's credit score is rather low, so his loan has an APR of 13.10% interest, compounded monthly. If both of them repay their loans over a four year period, making equal monthly payments based on their own loan, how much more will Nick have paid than Miles? (Round all dollar values to the nearest cent.)

A

Step-by-step explanation:

the ratio of white tiles to blue tiles is 48: 16. the ratio in it's simplest form is 3: 1.

step-by-step explanation:

ratio: take the first number and add a colon next to it, then add the second number after that. make sure the ratio order matches up with the written problem!

simplest form: we can simplify the ratio 48 : 16 by dividing both terms by the greatest common factor (gcf).

the gcf of 48 and 16 is 16.

divide both terms by 16:

48 ÷ 16 = 3

16 ÷ 16 = 1

reducing to simplest form:

48 : 16 = 3 : 1