Nikolai Rakov leases a vehicle for $399.00 a month for 48 months. He pays a deposit of $1,225.00, an $85.00 title fee, and a $160.00 license fee. The lease stipulates a $0.20 per mile charge for all miles more than 60,000 driven. If he drives the vehicle 68,515 miles, what is the total cost of leasing the vehicle?

Question

Ethen Stewart

Mathematics

25 December, 06:25

Nikolai Rakov leases a vehicle for $399.00 a month for 48 months. He pays a deposit of $1,225.00, an $85.00 title fee, and a $160.00 license fee. The lease stipulates a $0.20 per mile charge for all miles more than 60,000 driven. If he drives the vehicle 68,515 miles, what is the total cost of leasing the vehicle?

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Anabel Davies · Answer 1

Step-by-step explanation:

Nikolai Rakov leases a vehicle for $399.00 a month for 48 months. This means that the total charge for 48 months is

399 * 48 = 19152

He pays a deposit of $1,225.00, an $85.00 title fee, and a $160.00 license fee.

The lease stipulates a $0.20 per mile charge for all miles more than 60,000 driven. If he drives the vehicle 68,515 miles, the the number of additional miles above

60,000 driven is

68515 - 60000 = 8515

Cost of 8515 additional miles is

0.2 * 8515 = $1703

Therefore, the total cost of leasing the vehicle is

19152 + 1225 + 85 + 160 + 1703 = $22325