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21-03-2017
Mathematics

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Choose the correct finance charge in dollars for the following problem.

Tommy Hayden decided to purchase a new moped on an installment loan. The moped was $1,500.00. He agreed to pay $150 a month for 12 months. What is the finance charge in dollars?

The finance charge is $

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21-03-2017

The total after the 12 months will be $1800, so the finance charge is $300

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