Question

Jake took out an interest-free loan of $2,400.36 from the bank to buy a car. He paid the bank $200.03 each month until it was paid back completely. Which of the following is true?
A.
Jake paid his loan back in 12 months.
B.
Jake paid his loan back in 13 months.
C.
Jake paid his loan back in 11 months.
D.
Jake paid his loan back in 14 months.

I think its A But I'm not really sure

Answer 1

I'll just suggest @Vocaloid for this. Math is not something i am good at.

Answer 2

ouchie

Answer 3

OK, maybe @Hero can help. Those two are the only ones i know that are active in this topic. XD

Answer 4

XD

Answer 5

Loan was interest-free therefore nothing extra to pay per month. Therefore, we should be able to divide the total amount of the loan by the price paid per month to find how many months it took to pay it off.

\(\dfrac{2400.36}{200.03} = ?\)

Answer 6

Dividing right?

Answer 7

Yes, the bar separating the number above from the number below indicates that.

Answer 8

12 months!

Answer 9

Congrats. That is correct.