cat9971 cat9971

12-05-2016
Mathematics

Answered

Jake took out an interest-free loan of $3,011.70 from the bank to buy a car. He paid the bank $200.78 each month until it was paid back completely. Which of the following is true?

AJake paid his loan back in 14 months.
BJake paid his loan back in 17 months.
CJake paid his loan back in 16 months.
DJake paid his loan back in 15 months.

Verified Answer :

SunnyD3000 SunnyD3000

12-05-2016

$200.78 multiplied by 15 equals $3,011.70. So your answer is D)

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