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8 June, 15:50

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

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  1. 8 June, 17:41
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    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
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