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Julia purchased a car on an installment plan. She made a down payment of

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by BTGmoderatorDC » Thu Feb 23, 2023 5:39 pm

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B

C

D

E

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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

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Re: Julia purchased a car on an installment plan. She made a down payment of

by Scott@TargetTestPrep » Wed Mar 08, 2023 11:40 am
BTGmoderatorDC wrote: ↑
Thu Feb 23, 2023 5:39 pm
 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

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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