We will have the following:
If the price of the car is $5600 and has a 20% downpayment with a tax rate of 4% we will determine the downpayment quantity as follows:
[tex]x=5600(0.20)+5600(0.20)(0.04)\Rightarrow x=1164.8[/tex]So, the downpayment with a tax rate of 4% over the downpayment is $1164.8.
