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A loan of $900 will be repaid in 36 installment payments of $30.22 each. What the finance charge for the loan?
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Nov 27, 2015
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A loan of $900 will be repaid in 36 installment payments of $30.22 each. What the finance charge for the loan?
Mathematics
high-school
Michaelrccurtis
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First you need to multiply 36 *$30.22=$1087.92
This gives you the total amount paid
Then subtract 1087.92-900=187.92
This gives you the amount of money you paid in finance charges.
Action Jackson
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Dec 3, 2015
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