Alondra took out a car loan for $22,500 that has a 0% APR for the first 24
2 answers:
Answer:
The correct option is B.
Step-by-step explanation:
It is given that Alondra took out a car loan for $22,500 that has a 0% APR for the first 24 months and will be paid off with monthly payments over 5 years.
We know that
1 year = 12 months
Using this conversion we get
5 year = 60 months
It means total number of months in 5 years is 60. For first 24 months the APR is 0%. So, the number of months will Alondra be charged interest is
Therefore the correct option is B.
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