Question

explain anwser
You want to buy a used car for $8,648.00 plus 4.7% sales tax. You want to make a 5% down payment. How much is your down payment? Round to the nearest penny.
Anwser is : 452.72

Answer 1

To find the down payment, first calculate the total cost of the car including sales tax:

$8,648.00 + ($8,648.00 * 0.047) = $8,648.00 + $407.16 = $9,055.16

Then, calculate the 5% down payment:

$9,055.16 * 0.05 = $452.76

Rounded to the nearest penny, the down payment is $452.72.