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(6, 24) = 200?

A) If you borrow $6,000 from the bank for 24 months (2 year loan) , your monthly car loan payment is $200.
B) If you borrow $2,000 from the bank for 24 months (6 year loan) , your monthly car loan payment is $200.
C) If you borrow $200 from the bank for 24 months (2 year loan) , your monthly car loan payment is $6.
D) If you borrow $6 from the bank for 24 months (2 year loan) , your monthly car loan payment is $200.