Answer:
It will take Carrie 8 months to pay off the loan
Step-by-step explanation:
Step 1: Determine the expression for total amount to be paid
T=m×n
where;
T=total amount to be payed
m=total payments per month
n=number of payments to be made
In our case;
T= $960
m= $120
n=unknown
replacing;
960=120×n
120 n=960
n=960/120
n=8 months
It will take Carrie 8 months to pay off the loan
