The monthly lease payment for a car is 1.2% of the vehicle's sticker price, which is $30,000 What will be the monthly payment?
Answer
A
600 dollars
B
360 dollars
C
400 dollars
D
300 dollars
Explanation
Convert 1.2% to a decimal: 1.2% = 0.012. Multiply the sticker price by this rate: $30,000 × 0.012 = $360, so the monthly payment is 360 dollars, choice C.
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