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wwesuplexcity28
28.08.2020 •
Mathematics
I need help with this math problem
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Ответ:
The total amount paid = $780.06.
The finance charge = $130.06
Step-by-step explanation:
We have been given that Curtis Hindle purchased a mountain bike for $650.00 with 75% down. He will also make 12 payments of $24.38 each.
First of all let us find the amount of down payment paid by Curtis Hindle by calculating 75% of $650.
Now let us find the amount paid for 12 payments by multiplying 12 by $24.38.
To find the total amount paid by Curtis we will add the amounts paid for down payment and 12 monthly payments.
Therefore, the total amount paid by Curtis Hindle is $780.06.
To find the amount of finance charges we will subtract the cost of bike from total amount paid.
Therefore, the finance charges is $130.06.