Sophia is buying her first car. She wants a Volkswagon Jetta. It costs $21,345 plus $2,500 for upgrades like floor mats and a sunroof. The Georgia sales tax on the car will be 7%. What will be the total of her loan with upgrades including sales tax? Round to the nearest whole number. how do you find the total of 7%?
To find the total sales tax, multiply the cost of the upgrades ($2,500) by the sales tax rate (7% or 0.07):
Total sales tax = $2,500 * 0.07 = $175
Add this sales tax amount to the total cost of the car and its upgrades:
Total loan = $21,345 + $2,500 + $175 = $24,020
Therefore, the total loan amount with upgrades and sales tax included will be $24,020.