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Tim Worker decided to purchase a new television on an installment loan. The television was $565.00. Tim agreed to pay $51.00 per month for 12 months. What is the finance charge in dollars? a. $47 b. $514
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Tim Worker decided to purchase a new television on an installment loan. The television was $565.00. Tim agreed to pay $51.00 per month for 12 months. What is the finance charge in dollars?

a. $47
b. $514
c. $612
d. $1077

User Quasiben
by
5.8k points

2 Answers

5 votes

Answer:

47.00

Explanation:

odyssey ware

User Panktijk
by
6.0k points
1 vote
(51×12)−565=47
Option a is the answer
User Florent Roques
by
6.5k points
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