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Problem

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question

A motorcycle with a cash price of $275 can be purchased on the installment plan for 10% down and $18.20 per month for 18 months. Find the finance charge and the percent (to the nearest 1/10 %) by which the installment price exceeds the cash price.
Plain-text mathematical notation (without MathML)
A motorcycle with a cash price of $275 can be purchased on the installment plan for 10% down and $18.20 per month for 18 months. Find the finance charge and the percent (to the nearest 1/10 %) by which the installment price exceeds the cash price.
Original LaTeX notation
A motorcycle with a cash price of $275 can be purchased on the installment plan for 10% down and $18.20 per month for 18 months. Find the finance charge and the percent (to the nearest 1/10 %) by which the installment price exceeds the cash price.

category

business

options

  1. $85.10, 30.9%
  2. $65.10, 23.7%
  3. $60.10, 21.9%
  4. $110.10, 40.0%
  5. $95.10, 34.6%
  6. $90.10, 32.3%
  7. $100.10, 36.4%
  8. $75.10, 27.5%
  9. $70.10, 25.5%
  10. $80.10, 29.1%

src

stemez-Business

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