Elaine purchased a new copy machine and financed it for one year. The installment price was $3824.25 and the cash price was $3565. Find the amount of finance charge using the formula Finance charge = Installment price – Cash price.

To find the amount of finance charge, you can use the formula:

Finance charge = Installment price - Cash price

Given that the installment price is $3824.25 and the cash price is $3565, substitute these values into the formula:

Finance charge = $3824.25 - $3565

Now, subtract the cash price from the installment price:

Finance charge = $259.25

Therefore, the amount of finance charge is $259.25.

To calculate the finance charge, you need to subtract the cash price from the installment price.

The formula is: Finance charge = Installment price - Cash price.

In this case, the installment price is $3824.25 and the cash price is $3565.

To find the finance charge, simply subtract the cash price from the installment price:

Finance charge = $3824.25 - $3565 = $259.25.

Therefore, the finance charge for Elaine's new copy machine is $259.25.

F = I - C

F = 3824.25 - 3565

F = ?