Question

Maria wants to buy a new car for $21,000 . She has talked to the loan officer at her credit union and knows that they will loan her $9500 . She must also pay $315 for a license fee and $1150 for taxes. What amount of cash will she need to buy the car?Maria wants to buy a new car for $21,000 . She has talked to the loan officer at her credit union and knows that they will loan her $9500 . She must also pay $315 for a license fee and $1150 for taxes. What amount of cash will she need to buy the car?

Answer 1

Answer: $7400

Explanation: Subtract 2100 out of 9500 which equals 7400.

Answer 2

$9,935

Step-by-step explanation:

Maria needs to come up with the total amount of cash she needs to buy the car, which is the difference between the total cost of the car and the loan amount plus the license fee and taxes.

Total cost of the car: $21,000

Loan amount: $9,500

License fee: $315

Taxes: $1,150

Therefore, Maria needs:

$21,000 - ($9,500 + $315 + $1,150) = $21,000 - $11,065 = $9,935

So, Maria will need $9,935 in cash to buy the car.