Question: Peter borrowed $ 2 4 5 . He paid $ 2 4 interest and a service charge of $ 7 . What is his finance

Peter borrowed $245. He paid $24 interest and a service charge of $7. What is his finance charge?
$7
$31
$276
$24
$245
Peter borrowed $ 2 4 5 . He paid $ 2 4 interest

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!