Suppose you earn $6 per hour at your part-time job. What will your new hourly rate be after a 2.5% raise?
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The initial cost of car B is 25,000.
The cost of fuel consumed in n years by car B is
Equate the initial cost to the cost of fuel
It will take 18.75 years for Car B's better fuel economy to outweigh its higher initial cost.
The cost of fuel consumed in n years by car B is
Equate the initial cost to the cost of fuel
It will take 18.75 years for Car B's better fuel economy to outweigh its higher initial cost.