Chris Gaal wants to purchase a car that costs $12,667 including all fees, taxes, etc. He has to make a 10% down payment and finance the rest through a car loan. How much would the loan be? a) $13,933.70 b) $12,667.00 c) $11,400.30 d) $2,156.20

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ISBN:9780470458365
Author:Erwin Kreyszig
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Chris Gaal wants to purchase a car that costs $12,667 including all fees, taxes, etc. He
has to make a 10% down payment and finance the rest through a car loan. How much
would the loan be?
a) $13,933.70
b) $12,667.00
c) $11,400.30
d) $2,156.20 

Expert Solution
Step 1

The expression: x% of y is same as the expression: x100×y.

It is provided that the cost of the car is $12667 and the down payment is 10%.

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