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Question

Susan buys a used car for $6,500 and finances it by making monthly payments of $325. How long will take her to pay for the car?

A
16 months
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B
17 months
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C
18 months
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D
19 months
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E
20 months
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Solution

The correct option is E 20 months
Car is for Rs. 6,500 and he makes monthly payments of Rs. 325.
Therefore, number of months taken to pay for the car =6,500325=20 months.

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