Question

You are buying a new car. Car option "A" gets 18 miles per gallon of gas (MPG) and has a monthly payment of $368. Car option "B" is a hybrid and gets 60 MPG with a monthly payment of $409. Gas costs $2.89 per gallon. You drive an average of 12,000 miles per year. What is the annual difference in the cost between the two cars in gasoline plus monthly payment per month?

Answer 1

$857

Step-by-step explanation:

Answer 2

Results are below.

Step-by-step explanation:

First, we need to structure the total cost formula for each car:

Car A:

Total cost= 368 + 2.89(x/18)

Car B:

Total cost= 409 + 2.89(x/60)

x= number of miles

Now, the total cost for 12,000 miles:

Car A:

Total cost= 368 + 2.89*(12,000/18)=

Total cost= $2,294.67

Car B:

Total cost= 409 + 2.89*(12,000/60)

Total cost= $987

Cost difference= 2,294.67 - 987= $1,307.67