Amount of the finance charge

Reference no: EM13124359

A customer charges a treadmill at Mike's Sport Shop. The price is $1,000 and the financing charge is 9% per annum if the bill is not paid in 30 days. The customer fails to pay the bill within 30 days and a finance charge is added to the customer's account.

What is the amount of the finance charge?

Reference no: EM13124359

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