Question

QUESTION 9 of 10: Bob charged $200 for a plane ticket last month. When he received his statement, he saw that he could pay the minimum balance of just $25. Bob calculated it would take just 8 months to finish paying off his $200 ticket. Is he correct?

Answer 1

Bob is incorrect in his calculations. To determine the number of months it will take to pay off the $200 ticket, we can divide the total balance by the monthly payment. In this case, the total balance is $200 and the monthly payment is $25, so the calculation is: Number of months = Total balance / Monthly payment Number of months = $200 / $25 Number of months = 8 months Therefore, Bob's calculations are correct.

Step-by-step explanation:

Bob is incorrect in his calculations.

To determine the number of months it will take to pay off the $200 ticket, we can divide the total balance by the monthly payment. In this case, the total balance is $200 and the monthly payment is $25, so the calculation is:

Number of months = Total balance / Monthly payment

Number of months = $200 / $25

Number of months = 8 months

Therefore, Bob's calculations are correct.