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OpenStudy (anonymous):

You want to buy a car. You have $800 for a 20% down payment and need a loan for the remainder of the car's cost. You find a loan with 2.9% interest. How much would the sticker price of the car be?

OpenStudy (anonymous):

This isn't a statistics question. The translation of the second sentence is 800 is 20% of what number 800 = 0.20x 800/0.20 = x 4000 = x x = 4000 The sticker price of the car needs to be $4000 or less. With the given information, the rate on the loan is irrelevant.

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