Answer:
$90
Step-by-step explanation:
Given from the question that the down payment is 10% the selling price of the store this will be;
10/100 * $2445 = $244.50
Monthly payments = $195
For one year, paying $195 per month will give a total of : $195 * 12 =$2340
Adding the down payment to get total amount paid = $2340 + $195 = $2535
The interest paid will be : $2535 -$2445 = $90
