document.write( "Question 1148791: Carl purchased a $286 car stereo at Worst Buy. He paid $16 at the time of purchase and agreed to pay the balance in 12 equal monthly payments. The finance charge was 12% simple interest. What was the
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Algebra.Com's Answer #770137 by Natalie barton(1) $\"\"$ $\"About$

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Initial value:
\n" ); document.write( "$286-$16(paid at purchase)=$270
\n" ); document.write( "$270 X .12 (the 12% interest)=$32.40
\n" ); document.write( "$270+$32.40=$302.40
\n" ); document.write( "$302.40/12(months)=$25.50 \n" ); document.write( "

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