Determine the finance charge on an $8,000 loan with a monthly payment of $162.80 for 60 months.
a. $29.47
b. $162.80
c. $1,768.00
d. $9,768.00

option: C

Step-by-step explanation:

We are asked to calculate the finance charge on an $ 8000

Now as there is a monthly payment of $162.80 which is been paid for 60 months.

so, total amount paid=$(162.80×60)=$9768

Now the loan was $8000

Hence the finance charge is the charge that he paid extra along with the loan.

Hence, finance charge= total amount paid- amount of loan

Finance charge=$9768-$8000=$1768

Hence option C is correct(i.e. the finance charge on an $8000 loan with a monthly payment of $162.80 for 60 months is $1768)

5   1/4   miles per hour

step-by-step explanation:

15   3/4 / 3 = 5   1/4

a 4/6 = 9/12   not proportional

step-by-step explanation:

to find which are not proportional, we can use cross products

if it is true, they are proportional.   if it is not true, they are not proportional.

a 4/6 = 9/12

4* 12 = 6*9

48 = 54

not this is not proportional  

b 2/3 = 12/18  

2* 18 = 3 * 12

36 = 36

this is proportional

c 5/4 = 10/8  

5*8 = 4*10

40 = 40

this is proportional

d 7/5 = 35/25

7*25 = 5 * 35

175 = 175

is proportional