Question

Charles is buying a new car. The car costs $15,500. He pays an

additional $2,500 for special options. Sales tax is 5% on the total
price of the car. He makes a $3,000 down payment. How much
does Charles need to borrow?

Answer 1

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Answer:

$15,900

Explanation:

The total price before the down payment is ...

($15,500 +2500)(1.05) = $18,900

After paying $3,000 down, Charles must borrow ...

$18,900 -3,000 = $15,900