At the end of year X, automobile installment credit accounted for 36% of all outstanding consumer installment credit. At that time automobile finance companies extended $35 billion of credit, or 1/3 of the automobile installment credit. How many billion dollars of consumer installment credit was outstanding at that time?
Choose the correct choice from the following options:
A) 291.67  B) 105  C) 301.05  D) 288  E) 249.55
System of Equations   a = (36/100) c   (1/3) a = 35 --&gt; a = 105   Substitution   105 = (36/100) c   c = (100/36) 105   - You can do the ugly calculation 105/36 * 100   The Correct Answer is A.   The correct answer is 291.67
<result>A</result>
At the end of year X, automobile installment credit accounted for 36% of all outstanding consumer installment credit. At that time automobile finance companies extended $35 billion of credit, or 1/3 of the automobile installment credit. How many billion dollars of consumer installment credit was outstanding at that time?