Jake took out an interest-free loan of $3,209.60 from the bank to buy a car. He paid the bank $200.60 each month until it was paid back completely. Which of the following is true?

A Jake paid his loan back in 16 months.
B Jake paid his loan back in 15 months
C Jake paid his loan back in 18 months.
D Jake paid his loan back in 17 months

Question

Jake took out an interest-free loan of $3,209.60 from the bank to buy a car. He paid the bank $200.60 each month until it was paid back completely. Which of the following is true?

A Jake paid his loan back in 16 months.
B Jake paid his loan back in 15 months
C Jake paid his loan back in 18 months.
D Jake paid his loan back in 17 months

dottiecat · Answer

@DIDITHEDAD

escamer · Answer

Well, its simple. All you have to do is divide the amount with the options you have and you will get the answer. $3,209.60 / 16 = 200.6 which is your answer.

dottiecat · Answer

Thanks!
wait. that's not a choice in the question...

dottiecat · Answer

Or would be A?

rebeccaxhawaii · Answer

but you need to take account the rate of interest @escamer

escamer · Answer

smh, but it says "INTEREST-FREE LOAN" LOL

escamer · Answer

and yes the answer is A @DottieCat

dottiecat · Answer

Thanks!

escamer · Answer

No problem! @DottieCat 

@rebeccaxhawaii read the question again XD

dottiecat · Answer

lmao

rebeccaxhawaii · Answer

lol sorry im rushing