Ask Question
20 December, 21:50

A local diner purchased a jukebox for 9400. The business makes a down payment of 1000 and agrees to pay 36 payments of 275 per month find the finance charge.

$10,900

$3,600

$1, 500

$8,400

+1
Answers (1)
  1. 21 December, 00:58
    0
    Option (3). $1500

    Step-by-step explanation:

    Cost price of the jukebox = $9400

    Down payment made by the diner = $1000

    Diner agreed to pay the rest amount by $275 per month for 36 months

    Total amount to be paid by the diner = Down payment + monthly payments

    = 1000 + 275*36

    = 1000 + 9900

    = $10900

    Finance charge = 10900 - 9400

    = $1500

    Therefore, option (3). 1500 will be the answer.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A local diner purchased a jukebox for 9400. The business makes a down payment of 1000 and agrees to pay 36 payments of 275 per month find ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers