Register

A loan of $900 will be repaid in 36 installment payments of $30.22 each. what is the finance charge for the loan?

A loan of $900 will be repaid in 36 installment payments of $30.22 each. what is the finance charge for the loan?
asked 151k views
2 votes
A loan of $900 will be repaid in 36 installment payments of $30.22 each.

what is the finance charge for the loan?

asked
User Sagar Kachhadiya
by
7.4k points

1 Answer

2 votes
187.92

36 payments of $30.22 is $1,087.92. $900 from 1,087.92 is $187.92
answered
User Blaneyneil
by
7.8k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!