The original cost of a car is $8 000. The tax on the cost of the car is 12%. The effective cost of the car is
Answers
Answer:
arrive at the EMI, one has to input:
Loan amount - It has to be between Rs 1 lakh and Rs 40 lakh
Tenure - The tenure has to be between 1 year and 7 years.
Interest rate - It has to be between 1 percent and 50 percent.
Interest rates may vary across lenders as different lenders may offer loans at different rates. For the interest rate, input the rate at which your lender is providing you the loan.
Use the slider to put in different car loan amounts and tenures to arrive at the EMI at which you are comfortable with.
Answer:
the effective cost of a car is $8000-$960
=7040
Step-by-step explanation:
cost of car is $8000
tax on cost of car is 12% =12% of 8000
=(12÷100)×8000
=960$