Answer:
<em>Answer: D. Jake paid his loan in 12 months</em>
Step-by-step explanation:
Jake took out an interest-free loan of $2,401.56 from the bank to buy a car.
Since he has to pay no interest for the loan, the monthly payments are totally used to cover the amount of the loan.
He paid the bank $200.13 each month, thus the total months needed to pay the loan is:
Answer: D. Jake paid his loan in 12 months