SOLUTION: Find the finance charge in dollars for the following problem. Choose the right answers.
Tom Brown decided to purchase a new bike on an installment loan. The bike was $300.00. He
Algebra.Com
Question 918901: Find the finance charge in dollars for the following problem. Choose the right answers.
Tom Brown decided to purchase a new bike on an installment loan. The bike was $300.00. He agreed to pay $30 a month for 12 months. What is the finance charge in dollars?
The finance charge is $.
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
= $60, the finance charge
RELATED QUESTIONS
Calculate the amount financed, the finance charge, and the monthly payments (in $) for... (answered by Theo)
Calculate the amount financed, the finance charge, and the monthly payments (in $) for... (answered by Theo)
A business owner spent $32,000 to upgrade her business showroom she paid 15% as a down... (answered by Theo)
In a group of 40 children, 12 have blonde hair, 14 have brown eyes, and 5 have both... (answered by Boreal,richwmiller)
TI's visa company charges 0.6 finance charge each month on any unpaid balance. how much... (answered by stanbon)
a local deli sells 4 inch sub sandwiches for $2.95. It has decided to sell a "family sub" (answered by josmiceli)
Hello I have a question about trying to find the finance charge. I could not figure out... (answered by greenestamps)
Edward's father decided that he had to have a pair of Sunstache Sunglasses. He can... (answered by EdenWolf)
Hello! I'm a little stumped on this problem! Any help is greatly appreciated! Thank you... (answered by Theo)