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Tom brown decided to purchase a new bike on an installment loan.The bike was $300.00He agreed to pay $30 a month for 12 months . What is the finance charge in dollars

Tom brown decided to purchase a new bike on an installment loan.The bike was $300.00He agreed to pay $30 a month for 12 months . What is the finance charge in dollars
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Tom brown decided to purchase a new bike on an installment loan.The bike was $300.00He agreed to pay $30 a month for 12 months . What is the finance charge in dollars

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User Madeye
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7.6k points

1 Answer

3 votes

Answer:

The answer is $60. $30 × 12 = $360 – $300 = $60.

Explanation:

answered
User Richard
by
7.6k points
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