You are purchasing a car for 12,465 plus 5.65% sales tax you make a 1,300 down payment you have a fair credit score how much interest is due at the end of the first month?

Question

Mathematics

Derick Zuniga

1 April, 05:13

You are purchasing a car for 12,465 plus 5.65% sales tax you make a 1,300 down payment you have a fair credit score how much interest is due at the end of the first month?

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Kasey Osborn · Answer 1

The price of the car is 12 465 dollars + 5.65% sales tax

=> 5.65 = 0.0565

=> 12 465 * 0.0565 = 702.27 dollars is the added amount to the price

=> 12 465 + 702.27 = 13 169.27 dollars is the new price

you paid 1300

=> 13 169.27 - 1300 = 11 869.27 dollars is your due