Answer:
D. 49.75 months
Step-by-step explanation:
Esme earns a net salary of $2400 per month.
In her saving account she already have a balance of $100.
She saves $100 every month after her monthly expenses.
She plans to buy a car of $20000 using a no interest loan .
She usually make a $300 payment on the loan every month.
The number of months she will save enough money to pay off her loan completely can be calculated below.
let
x = number of months
The amount she saved altogether every month is $300 + $100 = $400.
Recall she already has $100 in her account
Amount of loan to be repaid = 100 + 400x
20000 = 100 + 400x
20000 - 100 = 400x
19900 = 400x
divide both sides by 400
x = 19900/400
x = 49.75 months
Yes you just have to cross multiply
<h2>I hope it will help you!!!!!</h2>
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