Subjects>Electronics>Computers

If you borrow 2800 to buy a computer and you repay the loan in 24 months by making payments of 125 each month how much was the finace charge?

Anonymous

∙ 12y ago

Updated: 11/8/2022

2800/24 = 116.66 (what you would be paying with no interest)

125 (monthly price with interest) - 116.66 = 8.34

8.34* 24 (months paid) = 200.16

So the interest is 200.16

and the total price will be 3000.16

Wiki User

∙ 12y ago

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