achelingSh1in
Answered

Mary bought a used car for $3,500 which was financed for $160 a month for 24 months

Awhat is the total cost of the car
Bhow much is the finance charge

Verified Answer :

metchelle
Ato know the total cost of the car we simply multiply the cost per month with the number of months to pay, in equation $160/ month x 24 months, cancelling out the unit of months, the answer is $3,840.
b) To know the cost of finance charge we simply subtract the total cost of the car using credit with its cost, in equation $3,840 - $3,500 = $340.
The finance charge is $340.

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