You have decided to purchase a car for 19 dollars comma 000 The credit union requires a 10 percent down payment and will finance the balance with a 9 percent annual interest loan for 36 months. The sales tax in your city is 8 point 3 percent , and the license and title charges are 75 dollars What is the total purchase price of the car including tax, license, and title?
Answer
A
20 dollars comma 577 point 0 0
B
19 dollars comma 075 point 0 0
C
18 dollars comma 594 point 3 0
D
20 dollars comma 652 point 0 0
Explanation
Sales tax is 8.3% of the $19,000 car price: $19,000 × 0.083 = $1,577. Add the tax and the $75 license and title charges: $19,000 + $1,577 + $75 = $20,652. The down payment and loan interest affect financing, not the total purchase price including these charges.
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