If the add-on method is used to calculate a finance charge of $100 on a...
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Finance
If the add-on method is used to calculate a finance charge of $100 on a $2,100 loan, the amount to be:
Question 50 options:
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| repaid is $2,200. | ||||||||||
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| disbursed to the borrower is $2,049.20. | ||||||||||
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| repaid is $2,350.80. | ||||||||||
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| disbursed to the borrower is $2,350.80. | ||||||||||
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| disbursed to the borrower is $150.80. You are borrowing $5,000 at a 9% interest rate. The total finance cost will be the highest in a: Question 43 options:
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