Eva buys a new car that has a price of €19445 - Leaving Cert Mathematics - Question d - 2022
Question d
Eva buys a new car that has a price of €19445.
She pays 30% of this price as a deposit and makes repayments of €206-97 each month for the following 3 years. At the ... show full transcript
Worked Solution & Example Answer:Eva buys a new car that has a price of €19445 - Leaving Cert Mathematics - Question d - 2022
Step 1
Find 30%
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Answer
To find the deposit, calculate 30% of €19445:
0.30imes19445=5833.50
Thus, the deposit paid by Eva is €5833.50.
Step 2
Find total cost of 36 repayments
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Eva makes monthly repayments of €206.97 for 36 months:
Total repayments = Monthly Repayment × Number of Months
Total repayments = €206.97 × 36 = €7450.92.
Step 3
Find overall total cost
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Answer
The overall total cost of the car is the sum of the deposit, total repayments, and the additional lump sum:
Total Cost = Deposit + Total Repayments + Lump Sum
Total Cost = €5833.50 + €7450.92 + €7389 = €20773.42.
Therefore, the total cost of the car for Eva is €20773.42.
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