document.write( "Question 1184956: Is it B? I want to check my answer.\r
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document.write( "Adam bought a treadmill and a dirt bike from a sports equipment store for y dollars. He signed an installment agreement requiring an 8% down payment and monthly payments of x dollars for 18 months. Which expression correctly represents Adam’s finance charge?\r
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document.write( "A. 0.8y\r
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document.write( "B. 18y\r
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document.write( "C. 18x − 0.92y\r
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document.write( "D. 18x − 0.08y\r
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document.write( "E. 18y − 0.92x \n" );
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Algebra.Com's Answer #815654 by Theo(13342)![]() ![]() You can put this solution on YOUR website! he put 8% down. \n" ); document.write( "he financed the rest. \n" ); document.write( "the rest = y - .08y = .92y \n" ); document.write( "that was the amount of the loan. \n" ); document.write( "the finance charge was x dollars a month. \n" ); document.write( "the number of months was 18. \n" ); document.write( "the total payments was 18x. \n" ); document.write( "subtract the loan amount from that, and the difference is the finance charge. \n" ); document.write( "that would be 18x - .92y \n" ); document.write( "that would be selection C.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "here's an example: \n" ); document.write( "assume y = 1000 \n" ); document.write( ".92y = 920 \n" ); document.write( "assume cost was 60 a month. \n" ); document.write( "that would be x. \n" ); document.write( "18x would be 18 * 60 = 1080. \n" ); document.write( "the finance charge is the number of payments on the loan minus the original amount of the loan. \n" ); document.write( "that that would be 1080 minus 920 = 160.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |