Answer:
$1050.00
Step-by-step explanation:
The leasing company has a base rate for the first 15,000 miles, but has an additional charge of $500+0.25/mile for each mile over the 15,000 miles.
Bradley has already driven 4,300 miles in first three months.
And he drives a similar amount for the rest of the year. So we can calculate on an average how much distance does he cover each month:
So he has driven 4,300 miles in three months, on an average the distance he drives a month, is:
[tex]\frac{4300}{3}=1433.33 [/tex] miles
So over 12 months he drove:
[tex]1433.33\times 12=17200[/tex] miles
Now, for first 15,000 miles he needs to pay some base rate. Now we will calculate how much extra has he driven beyond 15,000 miles.
So he has driven:
[tex]17200-15000=2200[/tex]
He has driven 2,200 miles extra beyond first 15,000 miles.
So the additional amount he needs to pay is:
[tex]\$500+\$(0.25\times 2200)=\$500+\$550=\$1050.00[/tex]
Therefore, the additional amount that is in addition to the base rate that he needs to pay is $1050.00.
Answer: Bradley has to pay $1050 extra to the leasing company.
Step-by-step explanation:
Distance traveled by Bradley's car in 3 months i.e.1/4 of year =4300 miles
Distance traveled by Bradley's car in 1 year(12 months) =4 times he drove for 1/4 of year=4×4300=17200 miles
Now,Extra distance covered by car=17200-15000=2200 miles
As there is a additional charge of $500 + $0.25/mile for each mile over the 15,000.
Thus, he has to pay extra amount=$500+$0.25 times extra distance=$500+$(0.25×2200)=$500+$550=$1050
∴ Bradley has to pay $1050 extra to the leasing company.
