Question

Mr. Aamodt bought a new lawn tractor for $3,350.

a. The state sales tax on the lawn tractor purchase will be 6.5%. How much state sales tax will Mr. Aamodt pay on the tractor? (2 points)

b. Mr. Aamodt has applied for a 2‐year loan at the bank for $3,350 to pay for the new lawn tractor. The bank will charge him 8.4% simple interest on the loan. What amount of interest will Mr. Aamodt pay on the loan? (2 points)

c. What is the total cost of Mr. Aamodt’s new lawn tractor, including the purchase price, the loan interest, and the sales tax? (2 points)

Answer 1

Answer:

A) 217.75 sales tax

B)281.40 he will pay on the loan

C)$3849.15 he will pay including total cost, interest, and tax

Step-by-step explanation:

A)

To find sales tax, multiply the price by its percentage. 6.5% in decimal is 0.065. 3350x0.065=217.75 for its sales tax.

B)

This is the same for loan.

3350x0.084=281.40 he will pay for loan.

C)

Now add it all up. 3350+217.75+281.40=3849.15

Answer 2

Answer:

The correct answers are:

a. $217.75!

b. $281.40!

c. $3,849.15!

Step-by-step explanation:

a. Find the sales tax by multiplying the price by its percentage (6.5%, 0.065 in decimal form)

3,350 x 0.065=217.75

so the sales tax is $217.75

b. This is the same as finding tax. Find the loan by multiplying the original price by the percentage (8.4%, 0.084 in decimal form).

3,350 x 0.084 = 281.40

so the loan is $281.40

c. This time, sum the original price with both the loan and sales tax.

3,350 + 217.75+ 281.40= 3849.15

so the total cost for the new tractor is $3,849.15

So there you have it. You have your answers right here. Hope this helps! Be sure to mark this as brainliest!

;)