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## Difficult math question?

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### Difficult math question?

A used-car costs \$5,000.
You figure you can get 4 years out of it.
You drive 10,000 miles per year.
Your car insurance costs \$1,200 per year.
You figure you'll spend \$400 per year on maintenance.
Gas costs \$4 per gallon, and the car gets 25 miles per gallon.
What will your average cost (all costs included) per mile be over the 4 years?
otaktay43

Posts: 495
Joined: Fri Apr 01, 2011 9:23 am

### Difficult math question?

Total Cost = Cost Car + 4*Car Insurance + 4*Maintenance + 4*Miles/Year * (cost/gallon) / (miles/gallon)

Total Cost = \$5,000 + 4*\$1200 + 4*\$400 + 4*10,000*\$4/25 = \$17,800

Cost/Mile = \$17,800 / (40,000 miles) = \$0.445 / mile = 44.5 cents per mile.
cochlain

Posts: 491
Joined: Thu Mar 31, 2011 12:14 pm

### Difficult math question?

32.5 cents a mile
whitney83

Posts: 469
Joined: Thu Mar 31, 2011 11:12 am

### Difficult math question?

Hard? This is EASY.
Ok lets first find the basiccosts
5000(car)+4800(insurance over 4 years)1600(insurance over 4 years)=11400.
Ok, in total you will be driving 40,000 miles. 40,000 divided by 25 (how much gallons you need/have)=1600. You will need 1600 gallons.
1600x4(price per gallon) is 6400.
gas is 6400 dollars.
Next add up the costs 11400+6400=17800
Now divide your total cost by the 40,000 miles you will be driving.
17800 divided by 40,000 is .445
This isn't really valid, but it is a math question, so 44 and a half cents per mile.
kye

Posts: 525
Joined: Fri Apr 01, 2011 3:46 pm

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