Answer:
- old car $20,909
- new car: $29,960
Step-by-step explanation:
At 300 miles per week, Chris drives 300×52 = 15,600 miles per year. His gas cost can be figured as ...
(5 years)×(miles per year)÷(miles/gallon)×($ per gallon) = $273,000/(miles per gallon)
__
a) old car cost = repair cost + gas cost + insurance cost
= 5($1200) + $273,000/22 + 5($500) ≈ $20,909 . . . over 5 years
__
b) new car cost = purchase cost + gas cost + insurance cost
= $20,000 + $273,000/50 +5($900) = $29,960 . . . over 5 years
