Answer:
Amount of finance charge = $800
Interest rate = 5% per year
Step-by-step explanation:
Given:
Cost of item = $4,000
Per month payment = $100
Number of month = 48 month = 48 /12 = 4 year
Find:
Amount of finance charge
Interest rate
Computtaion:
Total amount pay = 100 x 48
Total amount pay = $4,800
Amount of finance charge = Total amount pay - Cost of item
Amount of finance charge = 4,800 - 4,000
Amount of finance charge = $800
Interest = P x r x T
800 = 4,000 x r x 4
800 = 16,000 x r
Interest rate = 5% per year
Answer:
how many m ???
Step-by-step explanation:
Answer:
Step-by-step explanation:
153+12x-3=13+x
