The table shows a schedule of Jorge's payment plan for a car. Jorge's Payment Plan Year Balance Monthly Payment End of Year Balance 1 $15,469.80 $257.83 2 $257.83 3 $257.83 4 $257.83 5 $257.83 6 $257.83 How many years will it take Jorge to pay off the loan? 3 years 4 years 5 years 6 years

the correct answer is 5 years.

257.83x12 is 3,093.97

3,093.97x5 = 1549.80

Question

Mathematics

Alia Marks

2 March, 15:39

The table shows a schedule of Jorge's payment plan for a car. Jorge's Payment Plan Year Balance Monthly Payment End of Year Balance 1 $15,469.80 $257.83 2 $257.83 3 $257.83 4 $257.83 5 $257.83 6 $257.83 How many years will it take Jorge to pay off the loan? 3 years 4 years 5 years 6 years

the correct answer is 5 years.

257.83x12 is 3,093.97

3,093.97x5 = 1549.80

+3

Answers (2)

Know the Answer?

Keagan Norris · Answer 1

The correct awnser is 5 years or C

Yandel Becker · Answer 2

The answer is 5 years because you need to multiply the monthly by 12 and the answer is 3,093.96. and then you will need to divide 15,469.80 by 3,093.96 and you will get five.