Solved

A Customer Charges a Treadmill at Mike's Sport Shop

Question 43

Multiple Choice

A customer charges a treadmill at Mike's Sport Shop. The price is $2,000 and the financing charge is 9% per annum if the bill is not paid in 30 days. The customer fails to pay the bill within 30 days and a finance charge is added to the customer's account.
What is the amount of the finance charge?


A) $60
B) $15
C) $180
D) $6

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions