Year 11 Standard - Purchasing and Maintaining a Car

The stamp duty charged when buying a car is 3% of the market value up to $45 000, plus 5% of the value over

$45 000. What is the stamp duty to be paid on the purchase of a new car worth $56 000?

• $2800

• $1900

• $1680

• $550

The monthly repayment on a loan of $12 000 over 5 years is $256.80. What is the total amount of interest paid

on this loan?

• $15 408

• $3408

• $1284

• $13 284

Tags

CCSS.7.RP.A.3

Calculate the amount of stamp duty to be paid for a vehicle purchased for $14560 if the charge is $3 per $100 (or part there of)

A customer takes out a loan to purchase a car for $15 090. The monthly repayments are $294.26

and the loan is for 5 years. The customer pays a 10% deposit.

Calculate the deposit.

A customer takes out a loan to purchase a car for $15 090. The monthly repayments are $294.26

and the loan is for 5 years. The customer pays a 10% deposit.

Calculate the total amount paid for the car.

What is the monthly repayment on a car loan of $25 000 at 11% p.a. over 4 years.

• $9000

• $2750

• $229.17

• $750

Tags

CCSS.8.EE.C.7B

What is the cost of comprehensive car insurance for a premium of $2130 with a no-claim bonus of 25%?

The sale price of a car is $22 580 (excluding on-road costs). The buyer will need to pay stamp duty (3% of the sale price), a car dealership fee of $325 and a registration fee of $815.40.

Calculate the total cost of the car.