You Are Late Paying a Bill for $11,200

question 97

Multiple Choice

You are late paying a bill for $11,200.66.You have made arrangements to pay off the bill in installments of $260 per month,and you will be charged monthly interest of 1.2% on the balance owing.How long will it take you to pay off the account balance? (round your answer to nearest month)

• A) 61 months
• B) 60 months
• C) 62 months
• D) 63 months
• E) 64 months

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Definitions:

Simplify

To make something less complicated or easier to understand, often by reducing complexity.

Simplify

The process of making something easier to understand or less complex.

Imaginary Numbers

Complex numbers that can be written as a real number multiplied by the imaginary unit i, where i is the square root of -1, used in advanced mathematics.

Like Terms

Terms in algebraic expressions that have the same variables raised to the same power, only their coefficients can be different.