Tyrone Brown is going to purchase a car on installment. His down ...

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Tyrone Brown is going to purchase a car on installment. His down payment is 1,575 with 36 payments of 327.80. The truck is priced at 12,000. What is the finance charge?

Question 2

Greta is going to buy a home entertainment center on installment with a down payment of 450 and 24 payments of 155. What is the installment price?

[strudel15]

Answer to Question 1

1,375.80;
36  327.80 = 11,800.80; 11,800.80 + 1,575 = 13,375.80; 13,375.80 - 12,000 = 1,375.80

Answer to Question 2

4,170;
24  155 = 3,720; 3,720 + 450 = 4,170

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Thank you

[strudel15]

No problemo