Question

The base monthly payment for a car lease is $354.12 per month. If a sales tax of 8.25% is added to the base monthly payment, what is the total monthly lease payment? Round to the nearest cent.

Answer 1

the total monthly lease payment is $383.31 rounded to the nearest cent.

Explanation:

To calculate the total monthly lease payment, we need to add the sales tax to the base monthly payment.

Sales tax = 8.25% of base monthly payment

Sales tax = 0.0825 x $354.12 = $29.19

Total monthly lease payment = Base monthly payment + Sales tax

Total monthly lease payment = $354.12 + $29.19 = $383.31

Therefore, the total monthly lease payment is $383.31 rounded to the nearest cent.