The purchase price of Beth's new car, including the sales : DS Archive
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# The purchase price of Beth's new car, including the sales

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Joined: 30 Mar 2006
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The purchase price of Beth's new car, including the sales [#permalink]

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18 Jun 2006, 02:47
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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 Manager Joined: 12 Apr 2006 Posts: 218 Location: India Followers: 1 Kudos [?]: 28 [0], given: 17 ### Show Tags 18 Jun 2006, 03:45 It should be C Statement 1: Gives the installment amount but not the time. Insufficient Statement 2: Gives the time but not the amount. Insufficient Statement 1 + Statement 2 gives the installment amount as well as the time required. Enough to answer so C Current Student Joined: 29 Jan 2005 Posts: 5238 Followers: 25 Kudos [?]: 377 [0], given: 0 ### Show Tags 18 Jun 2006, 04:26 (C) The installments include the interest. Director Joined: 07 Jun 2006 Posts: 513 Followers: 11 Kudos [?]: 121 [0], given: 0 Re: DS Word Problem [#permalink] ### Show Tags 18 Jun 2006, 09:12 jaynayak wrote: 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),

(C)
Re: DS Word Problem   [#permalink] 18 Jun 2006, 09:12
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