Ask Question
9 May, 20:51

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

+1
Answers (1)
  1. 9 May, 23:33
    0
    The answer is $60. $30 * 12 = $360 - $300 = $60.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “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 ...” 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