Choose the correct answers for amount financed and the finance charge in dollars for the following problem. curtis hindle purchased a mountain bike for $550.00 with 75% down. he will make 12 payments of $25.40 each. what is the total amount paid (including down payment) and finance charge in dollars? the total paid (including down payment) is $ . the finance charge in dollars is $

Total paid = $717.3

Finance charge = $167.3

Step-by-step explanation:

The cost price of mountain bike = $550

The down payment on bike = 75% of $550 = 0.75 * 550 = $412.5

We know that he will make 12 payments of $25.40 each so total monthly payments = 12 * 25.40 = $304.8

The total amount paid = Down payment + Total monthly payments = $412.5 + $304.8 = $717.3

The finance charge = Total amount paid - Cost price = $717.3 - $550 = $167.3

answer: the answer is one

step-by-step explanation:

pemdas, in this situation there is no parenthesis or exponents so you go to multiplication, 1x1=1, then division 1/1= 1 then addition 1+1=2 then subtraction 2-1=1

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step-by-step explanation: