Question

Suppose you drive 22,000 miles a year and gas averages $3.45 a gallon. What would you save by driving a hybrid that averages 38

mpg versus a SUV that averages 21 mpg?

Compute the savings in fuel expenses,

$

(Simplify your answer. Round to the nearest dollar as needed.)

Answer 1

$1,616.91

Explanation:

Data provided in the question:

Total distance to be driven = 22,000 miles

Average of hybrid = 38 mpg

Thus,

total fuel required by hybrid to travel 22,000 miles =
`(22,000)/(38)`

= 578.95 gallons

and,

Average of SUV = 21 mpg

total fuel required by SUV to travel 22,000 miles =
`(22,000)/(21)`

= 1047.62 gallons

Therefore,

savings in fuel = 1047.62 gallons - 578.95 gallons = 468.67 gallons

Thus,

the savings in fuel expenses = Savings in fuel × Cost of gas

= 468.67 × 3.45

= $1,616.91