Question

Paul borrowed $360 to be repaid in one year. He paid 10% interest and a service

charge of $19. What is his finance charge?

Answer 1

Explanation:

Hey, do you mean what is the final charge? If so, then look at my next steps

If you mean the final charge then first multiply 10% by 360 , basically 10/100 multiplied by $360 which is equals to $36. Since it is interest, add $36 to $360. The answer will be $396. Then you add on the $19 which would bring the total to $415.

Hehe I am no expert but this is what I did . Tried my best