The purchase price of Beth's new car, including the sales tax, is $8,000. If she finances the car, making a down payment of $2,000 and paying off the rest in equal monthly installments, what will be the total cost of the car, including the sales tax and financing ?
(1) The installments are to be $200 per month.
(2) The installments will extend over a period of exactly 3 years
total = initial + (rate * time)
8000 = 2000 + (it), we need i and t, so we need (1) and (2),
http://onwardtomba.blogspot.com - MBA, GMAT, INSEAD - the journey.
My 7 GMAT Quant Strategies/Trap
My GMAT Debrief