Choose the correct answers for amount financed and the finance charge in dollars for the following problem.

curtis hindle purchased a mountain bike for $650.00 with 75% down. he will make 12 payments of $24.38 each. what is the total amount paid (including down payment) and finance charge in dollars?

the total paid (including down payment) is $.
a. 780.06
b. 749.62
c. 751.62

the finance charge in dollars is $.
a. 130.06
b. 110.06
c. 120.06

a) 780.06

a)130.06

Step-by-step explanation:

Given: The cost price of mountain bike = $650

The down payment on purchasing mountain bike = 75% of $650

Therefore, Down payment=

He will make 12 payments of $24.38 each.

Total monthly payments =

The total amount paid = Down payment + Total monthly payments

The finance charge = Total amount paid - Cost price

Hence, The total paid (including down payment) is $780.06 and the finance charge in dollars is $130.06.

yes

step-by-step explanation:

yes