9514 1404 393
Answer:
- $304
- $91.83
Step-by-step explanation:
1. The finance charge is found from the simple interest formula;
I = Prt
where P is the principal amount, r is the annual rate, and t is the number of years.
24 months is 2 years, so the interest charged is ...
I = $1900×0.08×2 = $304
The finance charge is $304.
__
2. The monthly payment will be the total amount due, divided by the number of months.
payment = ($1900 +304)/24 = $2204/24 ≈ $91.83
The monthly payment is $91.83.
If he gets 20% commission and he sold $2580, multiply 2580 * .2 to get what he made
2580*.2 = $516
Smart Dot, multiply the cost per hour by number of hours (t) and add to the monthly fee:
C = 0.50t + 12
Communication plus: Multiply the cost per hour by number of hours (t)
C = 2.50t