Mathematics

Gretchen Guerrero

14 May, 04:53

Select the correct answer.

Esme earns a net salary of $2,400 per month. She already has a savings account that has $100 in it. After paying her expenses every month,

she'll be able to add $100 to her savings account. Esme also plans to purchase a car priced at $20,000 using a no-interest loan. She will make a

$300 payment on the loan every month. In how many months will Esme have enough money saved to pay off her loan completely?

A.

44.45

B. 45.75 months

C. 47.75 months

D. 49.75 months

E. 50.45 months