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

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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) About Me  (Show Source):
You can put this solution on YOUR website!
12%2A30+-+300 = $60, the finance charge