Answer:
finance charge in dollars = $67
Step-by-step explanation:
DVD player was $365
Tim agreed to pay $36 per month for 12 months
Total amount agreed to pay = 36 * 12 = $432
cost of DVD is 365
Total amount agreed = cost of DVD + cost of DVD * % charge
432 = 365 + 365* % charge
Subtract 365 on both sides
67 =365* % charge
Divide by 365 on both sides
% charge =0.1835616
finance charge in dollars = $67
