The sales tax is 7.75% of the to the nearest cent.) $2208.75

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter5: Linear Inequalities
Section5.3: Solving Multi-step Inequalities
Problem 1GP
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A dog trainer purchases a car for $28,500. (See Example 2 in this section:)
(a) The sales tax is 7.75% of the purchase price. Calculate the sales tax (in dollars). (Enter a number. Round your answer
to the nearest cent.)
$ 2208.75
(b) The registration and license fee is 0.7% of the purchase price. What is the registration and license fee (in dollars)?
(Enter a number. Round your answer to the nearest cent.)
$ 199.5
(c) If the trainer makes a down payment of $4,000 and gets a loan for the purchase price, sales tax, and registration fee at
an interest rate of 3.5% compounded monthly for 5 years, what is the monthly car payment (in dollars)? (Enter a
number. Round your answer to the nearest cent.)
Transcribed Image Text:A dog trainer purchases a car for $28,500. (See Example 2 in this section:) (a) The sales tax is 7.75% of the purchase price. Calculate the sales tax (in dollars). (Enter a number. Round your answer to the nearest cent.) $ 2208.75 (b) The registration and license fee is 0.7% of the purchase price. What is the registration and license fee (in dollars)? (Enter a number. Round your answer to the nearest cent.) $ 199.5 (c) If the trainer makes a down payment of $4,000 and gets a loan for the purchase price, sales tax, and registration fee at an interest rate of 3.5% compounded monthly for 5 years, what is the monthly car payment (in dollars)? (Enter a number. Round your answer to the nearest cent.)
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