Answer:
(b) [tex]\$24,169.60[/tex]
Step-by-step explanation:
Given: Cost of car is [tex]\$22,346.16[/tex]
Sales tax is [tex]7.6\%[/tex]
The license and title charges are [tex]\$125.13[/tex]
To find: The amount that the credit union will finance.
Solution:
We have,
Cost of car[tex]=\$22,346.16[/tex]
Sales tax is [tex]7.6\%[/tex] of [tex]\$22,346.16[/tex]
Therefore,
sales tax [tex]=\frac{7.6}{100}\times22,346.16=\$1698.31[/tex]
The license and title charges [tex]=\$125.13[/tex]
Now, the amount that the credit union will finance is
cost of car[tex]+[/tex]sales tax[tex]+[/tex]the license and title charges
[tex]=\$22346.16+\$1698.31+\$125.13[/tex]
[tex]=\$24,169.60[/tex]
Hence, the amount that the credit union will finance is [tex]\$24,169.60[/tex].
So, (b) [tex]\$24,169.60[/tex] is correct.
