Question 1184956
he put 8% down.
he financed the rest.
the rest = y - .08y = .92y
that was the amount of the loan.
the finance charge was x dollars a month.
the number of months was 18.
the total payments was 18x.
subtract the loan amount from that, and the difference is the finance charge.
that would be 18x - .92y
that would be selection C.


here's an example:
assume y = 1000
.92y = 920
assume cost was 60 a month.
that would be x.
18x would be 18 * 60 = 1080.
the finance charge is the number of payments on the loan minus the original amount of the loan.
that that would be 1080 minus 920 = 160.