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11 December, 11:54

Car A gets 25 miles per gallon and costs $13,000. Car B is a hybrid that gets 45 miles per gallon, but costs $25,000. Assume you drive 15,000 miles per year and that gas will cost $4 per gallon for the foreseeable future. How many years will it take for Car B's better fuel economy to outweigh its higher initial cost?

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  1. 11 December, 12:10
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    A. 25mpg $13,000 B. 45mpg $25,000 15,000 $4

    15,000/25 = 600, 600x$4 = 2400 15,000/45 = 333.3, 333.3x$4 = 1333.3

    2400 = 1333.3x x = 1.8

    so 2 years
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