Item — sat-dog

? Math · None · None · MCQ

m= (r/(1,200))(1+r/(1,200))^N(1+r/(1,200))^N-1 PThe formula above gives the monthly payment m needed to pay off a loan of P dollars at r percent annual interest over N months. Which of the following gives P in terms of m, r, and N ?

A
P= (r/(1,200))(1+r/(1,200))^N(1+r/(1,200))^N-1 m
B
P= (1+r/(1,200))^N-1(r/(1,200))(1+r/(1,200))^N m
C
P=(r/(1,200)) m
D
P=((1,200)/r) m

Source: Questions from the AGIEval benchmark's SAT subsets, derived from pre-2016 College Board SAT exams. View the official question bank →

These items follow the pre-2016 paper SAT format and do not reflect the current digital SAT. Useful as a benchmark set, not as current test preparation.