Question

Carrie borrowed $960 in interest free to pay for a car repair. She will pay $120 monthly until the loan is paid off. How many months will it take carrie to pay of the loan

Answer 1

Answer:

It will take Carrie 8 months to pay off the loan

Step-by-step explanation:

Step 1: Determine the expression for total amount to be paid

T=m×n

where;

T=total amount to be payed

m=total payments per month

n=number of payments to be made

In our case;

T= $960

m= $120

n=unknown

replacing;

960=120×n

120 n=960

n=960/120

n=8 months

It will take Carrie 8 months to pay off the loan