Entering the World of Work

Section 2: Education After High School

Math Practice Step-by-Step

Follow these steps to solve the Section 4.2 Math Practice problem.

Calculating Student Loan Payments
Figure It Out  How many months will it take to pay off the loan if you pay $250.00 a month? How many months will it take if you pay $300.00 a month?

Step 1  Figure out how many payments of $250.00 it would take to pay the loan. Divide the loan amount by $250.00. Round the total up. This is the answer to the first question.

Step 2  Figure out how many payments of $300.00 it would take to pay the loan. Divide the loan amount by $300.00. Round the total up. This is the answer to the second question.

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