The following table shows your monthly payment P, in dollars, if you pay off a loan in months.
Which formula below fits these data?
A) $p=\frac{5021}{t}$
B) $P=\frac{50.21 \times 1.01^{2}}{1.01^{2}-1}$
C) $P=\frac{5021 \times(1.01)^{2}}{t-1.01}$
D) None of the above

Question

The following table shows your monthly payment P, in dollars, if you pay off a loan in  months. 
Which formula below fits these data?
A) $p=\frac{5021}{t}$ 
B) $P=\frac{50.21 \times 1.01^{2}}{1.01^{2}-1}$ 
C) $P=\frac{5021 \times(1.01)^{2}}{t-1.01}$ 
D) None of the above

Quizplus · Accepted Answer

The Answer of The following table shows your monthly payment P, in dollars, if you pay off a loan in  months. 
Which formula below fits these data?
A) $p=\frac{5021}{t}$ 
B) $P=\frac{50.21 \times 1.01^{2}}{1.01^{2}-1}$ 
C) $P=\frac{5021 \times(1.01)^{2}}{t-1.01}$ 
D) None of the above

The Following Table Shows Your Monthly Payment P, in Dollars p=5021tp=\frac{5021}{t}p=t5021​

The Following Table Shows Your Monthly Payment P, in Dollars $p=\frac{5021}{t}$