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

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SVP
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, 03:47
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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

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Manager
Joined: 12 Apr 2006
Posts: 213

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Location: India

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18 Jun 2006, 04:45
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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Current Student
Joined: 29 Jan 2005
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18 Jun 2006, 05:26
(C) The installments include the interest.

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Director
Joined: 07 Jun 2006
Posts: 513

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18 Jun 2006, 10:12
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)

Kudos [?]: 145 [0], given: 0

Re: DS Word Problem   [#permalink] 18 Jun 2006, 10:12
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