A loan of $900 will be repaid in 36 installment payments of $30.22 each. What the finance charge for the loan?
1 answer:
You might be interested in
full timers work 5 hours a day whereas Part timers work 3 hours a day!
<u>Step-by-step explanation:</u>
Here we have , The difference in hours between full times and the part timers to work three hours a day is 2 working hours . We need to find that how many hours per day to full timers work . Let's find out:
Let full timers work x hours , Part time workers work 3 hours a day , According to question, difference in hours between full times and the part timers to work three hours a day is 2 working hours i.e.
⇒
Adding 3 to make x term alone :
⇒
⇒
Therefore, full timers work 5 hours a day whereas Part timers work 3 hours a day!