Answer:
The down payment is $ 452.72 (approx).
Step-by-step explanation:
Given,
The original price of the car = $8,648.00
Sales tax = 4.7%,
So, the final price of the car = (100+4.7)% of the original price
= 104.7% of $ 8,648.00
[tex]=\frac{104.7\times 8648.00}{100}[/tex]
[tex]=\frac{905445.6}{100}[/tex]
[tex]=\$ 9054.456[/tex]
Now, the percentage of down payment = 5 %,
Hence, the amount of down payment = 5 % of the final price
= 5 % of $ 9054.456
[tex]=\frac{5\times 9054.456}{100}[/tex]
[tex]=\frac{45272.28}{100}[/tex]
[tex]=\$ 452.7228\approx \$ 452.72[/tex]