Answer: The required cost of taxi is $34.3.
Step-by-step explanation: Given that a taxi is charging $1.50 per 500 meters. Our destination is 7.1 miles away and there are 1,609 meters in a mile.
We have to find the cost of taxi.
We have
1 mile = 1609 meters.
So, 7.1 miles = 7.1 × 1609 = 11423.9 meters.
We will be using the UNITARY method to solve the remaining problem.
We have
Cost of taxi for 500 meters = $1.50.
So, the cost of taxi for 1 meter will be

Therefore, the cost of taxi for 11423.9 meters is given by

Rounding off to the nearest tenth, we get that the cost of taxi is $34.3.
Thus, the required cost of taxi is $34.3.