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 month

Question

andrew-mc [135]

3 years ago

12

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 month

s. What is the finance charge in dollars?
The finance charge is

Mathematics

2 answers:

RUDIKE [14] · Answer 1 · 2022-04-06T12:21:24+03:00

RUDIKE [14]3 years ago

6 0

Answer: 60 dollars

Step-by-step explanation: For every 5 dollars Tom loans he has to pay 1 dollar plus the amount he loaned. If 30 times 12 is 360 and the original cost is 300 then he payed 60 dollars for the finance charge.

Anna11 [10] · Answer 2 · 2022-04-06T10:06:07+03:00

Anna11 [10]3 years ago

3 0

Answer:

$60

Step-by-step explanation:

I got this bc 12*30=360 and 360-300=60