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To Pay for College, a Student Borrows $5,000 Interest-Free from His

Question 186

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To pay for college, a student borrows $5,000 interest-free from his father.If he pays his father back at the rate of $200 per month, how much will he still owe after 11 months?


A) $1,800\quad \$ 1,800
B) $3,130\$ 3,130
C) $2,800\quad \$ 2,800
D) $2,200\quad \$ 2,200
E) none of the above

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