"MATH PROBLEM OF THE DAY"

A carpenter purchases a hammer costing $8.03, a bag of nails costing $5.16, and a tape measure
costing $2.81 with a twenty-dollar bill. How much change does the carpenter receive if a sales
tax of 5 percent is charged on the entire purchase?
(A) $3.20
(B) $3.29
(C) $3.80
(D) $4.00
(E) $4.80