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Charles is buying a new car. The car costs $15,500. He pays an
additional $2,500 for special options. Sales tax is 5% on the total
price of the car. He makes a $3,000 down payment. How much
does Charles need to borrow?

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sqdancefan

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Answer:

  $15,900

Step-by-step explanation:

The total price before the down payment is ...

  ($15,500  +2500)(1.05) = $18,900

After paying $3,000 down, Charles must borrow ...

  $18,900 -3,000 = $15,900

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