![History](/tpl/images/cats/istoriya.png)
Mr. Jones purchased a refrigerator for x dollars under an installment plan. The plan requires Mr. Jones to make a 15% down payment and monthly
payments of y dollars over a period of 24 months.
Use the given expressions to determine the finance charge that Mr. Jones paid.
24x - 0.85y
0.85x + 24y
0.15x
15y
24y - 0.85%
0.15x + 24y
(24y
15
0.85%
down payment
number of monthly payments
total amount paid as monthly payments
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Answers: 2
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