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I'm trying to find the finance charge ? that has to do with your bank a bank statement

I'm trying to find the finance charge ? that has to do with your bank a bank statement-example-1
User Thaisa
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1 Answer

16 votes
16 votes

If we hace to do 12 payments of 22.50 we get that the total amount we should pay is


12\cdot22.5+25=295

if the purchase price is 225.75, the finance charge is


295-225.75=69.25

So the finance charge is $69.25

User Suresh Bambhaniya
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