Question

Sara saved $16,000 for a new car that costs $10,500, plus $1200 each year for insurance. If Sara buys the car, then what would be the maximum number of years, x, she could pay insurance with her current savings? 3 years 3 years 4 years 4 years 5 years 5 years 6 years 6 years

Answer 1

4 years

Explanation:

Sara saved $16,000 for a new car that costs $10,500, plus $1200 each year for insurance.

Let the number of years she can pay for insurance be written as: x

$10,500 + $1200 × x = $16,000

$1200 × x = $16,000 - $10,500

x = $5,500/1200

x = 4.5833333333 years

Since the number of years is in decimal, we would pick the whole number there as the maximum number of years.

Therefore, the maximum number of years, x, she could pay insurance with her current savings is 4 years.