5. Nathan is interested in leasing a new car. He collected this information from two leasing companies. Leasing Company Monthly Payment Mileage Limit Extra Mileage Charge ABC $463 10,000 $0.25/mi XYZ $473.50 12,000 $0.10/mi Nathan’s drive to and from work each day is about 45 miles. If he goes to work about 226 days in a given year, what is the minimum amount he would have to pay in excess mileage if he leased from the ABC Leasing Company?

Question

05-10-2021
Mathematics

Answered

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5. Nathan is interested in leasing a new car. He collected this information from two leasing companies. Leasing Company Monthly Payment Mileage Limit Extra Mileage Charge ABC $463 10,000 $0.25/mi XYZ $473.50 12,000 $0.10/mi Nathan’s drive to and from work each day is about 45 miles. If he goes to work about 226 days in a given year, what is the minimum amount he would have to pay in excess mileage if he leased from the ABC Leasing Company?

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