What is the finance charge on 13,300 financed at 7.9 percent for 4 years if the monthly payment per 100 is 2.74?
1.) 13,300
2.) 4,192.16
3.) 1,457.68
4.) 17,492.16

To answer this question we have to first determine how many times 100 can go into 13,300. To find this we do the following:

$13,300/$100 = 133

Now we simply multiply the result by $2.74:

$2.74*133 = $364.42.

Finally we just multiply that by the total number of payments which are (monthly payment, 12 months in a year, for 4 years).

$364.42*(12*4) ---> $364.42*48 = $17,492.16.

The correct answer is choice 4.) 17,492.16

I hope this helps, Regards.

none of the above.

for one of the equations to be used in the process, there has to be a term in the equation since squared is .

since there is only a term in the first equation, we cannot derive a from completing the square.

solving with completing the square

answerthe vertex form

step-by-step explanation: