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

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Math Expert
Joined: 02 Sep 2009
Posts: 49320
Julia purchased a car on an installment plan. She made a down payment  [#permalink]

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04 Jul 2018, 00:12
00:00

Difficulty:

5% (low)

Question Stats:

92% (01:14) correct 8% (00:42) wrong based on 48 sessions

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 _________________ Senior Manager Joined: 21 Jan 2015 Posts: 347 Location: India Concentration: Strategy, Marketing GMAT 1: 620 Q48 V28 GMAT 2: 690 Q49 V35 WE: Sales (Consumer Products) Re: Julia purchased a car on an installment plan. She made a down payment [#permalink] ### Show Tags 04 Jul 2018, 00:20 1 Ans: C Total Payment = 2550 + x(155) = 9060 so x=42 no of monthly payments. Bunuel wrote: 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

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Math Expert
Joined: 02 Aug 2009
Posts: 6799
Re: Julia purchased a car on an installment plan. She made a down payment  [#permalink]

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04 Jul 2018, 00:22
Bunuel wrote:
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 You can easily make an equation here.. 9060=2550+155*n...... 155n=9060-2550=6510 5*31n=31*210.... n=210/5=42 C _________________ 1) Absolute modulus : http://gmatclub.com/forum/absolute-modulus-a-better-understanding-210849.html#p1622372 2)Combination of similar and dissimilar things : http://gmatclub.com/forum/topic215915.html 3) effects of arithmetic operations : https://gmatclub.com/forum/effects-of-arithmetic-operations-on-fractions-269413.html GMAT online Tutor Director Joined: 31 Oct 2013 Posts: 578 Concentration: Accounting, Finance GPA: 3.68 WE: Analyst (Accounting) Re: Julia purchased a car on an installment plan. She made a down payment [#permalink] ### Show Tags 04 Jul 2018, 05:44 Bunuel wrote: 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

We can form an equation based on the given information.

Total = 9060
Down Payment = 2550
Monthly Installment = 155

Question : Number of monthly payments.

2550 + n(155) = 9060

155 n = 6510

n = 42.

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Re: Julia purchased a car on an installment plan. She made a down payment  [#permalink]

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04 Jul 2018, 08:34
Bunuel wrote:
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

$$9060 = 2550 + 155n$$

Or, $$155n = 6510$$

Or, $$n = 42$$, Answer must be (C) 42
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Re: Julia purchased a car on an installment plan. She made a down payment &nbs [#permalink] 04 Jul 2018, 08:34
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# Julia purchased a car on an installment plan. She made a down payment

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