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The purchase price of Beth's new car, including the sales

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SVP
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Joined: 30 Mar 2006
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The purchase price of Beth's new car, including the sales [#permalink] New post 18 Jun 2006, 02:47
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A
B
C
D
E

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0% (00:00) correct 0% (00:00) wrong based on 1 sessions
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
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 [#permalink] New post 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
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 [#permalink] New post 18 Jun 2006, 04:26
(C) The installments include the interest.
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Re: DS Word Problem [#permalink] New post 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)
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Re: DS Word Problem   [#permalink] 18 Jun 2006, 09:12
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The purchase price of Beth's new car, including the sales

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