Answers:
$1635.6
$24835.6
$1380.4
$24580.4
$255.2
Step-by-step explanation:
If the tax rate is 7.05%, the state sales tax on a $23200 car is calculated as:
23,200 x 7.05% = 23,200 x 7.05 / 100 = $1635.6
Then, the final cost will be the initial cost plus the sales tax, so
$23200 + $1635.6 = $24835.6
In the same way, if the sales tax rate is 5.95%, the state sales tax will be
23,200 x 5.95% = 23,200 x 5.95 / 100 = $1380.4
And the final cost will be
$23200 + $1380.4 = $24580.4
Therefore, the money saved by driving to Morgan country will be
$24835.6 - $24580.4 = $255.2
So, the answers are:
$1635.6
$24835.6
$1380.4
$24580.4
$255.2