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31 July, 01:25

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

The finance charge is

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  1. 31 July, 03:16
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    The answer is $60. $30 * 12 = $360 - $300 = $60.
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