Jennifer has to purchase a new car and wants to finance at most 3 4 of the total cost of the car (purchase price plus interest).

Question

2 years ago

10

The interest rate for financing right now is 1%. If she has $5,000 to put down, what is the most the car can cost (round to the nearest dollar)?

2 answers:

ladessa [460] · Answer 1 · 2022-08-25T23:33:49+03:00

7 0

I need help 2 like badly $\left[\begin{array}{ccc}1&2&3\\4&5&6\\7&8&9\end{array}\right]$

gizmo_the_mogwai [7] · Answer 2 · 2022-08-26T01:05:25+03:00

6 0

Answer:

Step-by-step explanation:

(1/4)x = 5000

x = 4*5000

x = 20000

101% ------> $20000

100% ------> y

y = (100)(20000)/101

y = 19801

so the total of the car is $19801