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Rina8888
6 days ago
10

Alex purchased a motorbike that costs $3,500. He’ll pay for the motorbike through an installment plan. The installment plan requ

ires him to make a 10% down payment and pay the remaining amount in 12 monthly installments of $276 each. How much will Alex pay in finance charges?
Mathematics
2 answers:
PIT_PIT [9.1K]6 days ago
8 0
Alex will owe you $3,662.
Leona [9.2K]6 days ago
3 0

Answer:

Alex will owe $3,662

Step-by-step explanation:

To determine the total amount payable, we can set up an equation represented by y=mx+b, where y indicates the total expenditure, m signifies the monthly payments, x denotes the duration in months, and b represents the 10% initial payment.

Upon substituting the values into the equation, we find y=276(12)+350.

Next, we can proceed to solve the equation like this:

y=3,312+350

y=3,662

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Answer:

Here’s the response provided

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Given

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