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Back to 6.11 Buying or Leasing a Car

6.11 Exercise 3

Avg difficulty 2.5

Sophia negotiates a $19,800 price for her new car. The sales tax is 9.5% in her area, and the dealership charges her $300 in documentation fees. Her title, plates, and registration come to $321.50. The dealership adds to this a destination fee of $1,100. If she places a down payment of $5,000 on the car, what is the total she will finance for the car?

OpenStax Contemporary Mathematics, 6.11 Buying or Leasing a Car, exercise 3

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Adapted from Contemporary Mathematics © 2023 Rice University. Licensed under CC BY 4.0. Source: Contemporary Mathematics. Imported at revision fa7c1a1.