Question

Buying a Car Math Quiz

Answer 1

Answer:

The annual difference in the cost between the two cars in gasoline plus monthly payment per month will be $856.67.

Step-by-step explanation:

Car option "A" gets 18 miles per gallon of gas (MPG) and has a monthly payment of $368.

Now, yearly 12000 miles will consume $\frac{12000}{18} = 666.67$ gallons of gas.

Now, if the gas costs $2.89 par gallons, then yearly fuel cost is $(666.67 × 2.89) = $1926.67

Hence, the yearly cost for option A will be $(1926.67 + 368 × 12) = $6342.67.

Now, car  option "B" is a hybrid and gets 60 MPG with a monthly payment of $409.

Now, yearly 12000 miles will consume $\frac{12000}{60} = 200$ gallons of gas.

Now, if the gas costs $2.89 par gallons, then yearly fuel cost is $(200 × 2.89) = $578

Hence, the yearly cost for option B will be $(578 + 409 × 12) = $5486.

So, the annual difference in the cost between the two cars in gasoline plus a monthly payment per month will be $(6342.67 - 5486) = $856.67. (Answer)