Your Monthly Payment, C(s, T), on a Car Loan Depends

Multiple Choice

Your monthly payment, C(s, t) , on a car loan depends on the amount, s, of the loan (in thousands of dollars) , and the time, t, required to pay it back (in months) .What is the meaning of C(7, 48) = 250?

A) If you borrow $7,000 from the bank for 48 months (4 year loan) , your monthly car loan payment is $250.
B) If you borrow $4,000 from the bank for 48 months (7 year loan) , your monthly car loan payment is $250.
C) If you borrow $250 from the bank for 48 months (4 year loan) , your monthly car loan payment is $7.
D) If you borrow $7 from the bank for 48 months (4 year loan) , your monthly car loan payment is $250.