Eduardo purchased a car for $18,500 with 6.5% sales tax, a freight charge of $450, a registration fee of $155, and an ownership fee of $45. If Eduardo made a down payment of $2,500, the total amount financed would be:

Question

Mathematics

Micaela Huang

14 July, 20:15

Eduardo purchased a car for $18,500 with 6.5% sales tax, a freight charge of $450, a registration fee of $155, and an ownership fee of $45. If Eduardo made a down payment of $2,500, the total amount financed would be:

+4

Answers (1)

Know the Answer?

Mustache · Answer 1

17852.5 $

Step-by-step explanation:

In this case, all you need to do is sum all the amounts and take out the down payment of 2500$

First, the car of 18,500 with the 6.5% sale tax, it would be:

18,500 * (6.5/100) = 1202.5$

18500 + 1202.5 = 19702.5$

Now the charge and fees:

450+155+45 = 650$

Then:

19702.5 + 650 = 20352.5$

Finally, the down payment:

20352.5 - 2500 = 17852.5 $