Julia purchased a car on an installment plan. She made a down payment of $2,550 and then made n monthly payments of $155 each. If Julia paid a total of $9,060 for the car,how many monthly payments did she make?
A. 30
B. 36
C. 42
D. 48
E. 54
OA C
Source: GMAT Prep
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Julia purchased a car on an installment plan. She made a down payment of
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BTGmoderatorDC
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BTGmoderatorDC wrote: ↑Thu Feb 23, 2023 5:39 pmJulia purchased a car on an installment plan. She made a down payment of $2,550 and then made n monthly payments of $155 each. If Julia paid a total of $9,060 for the car,how many monthly payments did she make?
A. 30
B. 36
C. 42
D. 48
E. 54
OA C
Source: GMAT Prep
We can let n = the number of monthly payments and create the equation:
2550 + 155n = 9060
155n = 6510
n = 6510/155 = 42
Answer: C
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