Kelko will rent a car for the weekend. She can choose one of two plans. The first plan has an initial fee of $57 and cost an additional $0.08 per mile driven. The second plan has an initial fee of $50 and costs and additional $0.10 per mile driven.

Answers

Answer 1

Questions (contd)

(a) For what amount of driving do the two plans cost the same?

(b) What is the cost when the two plans cost the same?

Answer:

(a) 100 miles

(b) $65

Step-by-step explanation:

Given

Plan 1:

[tex]Initial\ Fee = \$57[/tex]

[tex]Additional = \$0.08[/tex] per mile

Plan 2:

[tex]Initial\ Fee = \$50[/tex]

[tex]Additional = \$0.10[/tex] per mile

Solving (a): Number of miles when both plans are equal

Represent the distance with x and the cost with y

So:

Plan 1:

[tex]y = 57 + 0.08 * x[/tex]

Plan 2:

[tex]y = 50 + 0.10 * x[/tex]

To solve (a), we equate both plans together; i.e.

[tex]y = y[/tex]

[tex]57 + 0.08x = 50 + 0.10x[/tex]

Collect Like Terms

[tex]0.08x - 0.10x= 50 - 57[/tex]

[tex]-0.02x= -2[/tex]

Solve for x

[tex]x = -2/-0.02[/tex]

[tex]x = 100[/tex]

Hence, 100 mile would cost both plans the same

Solving (b): Cost when both plans are the same:

In this case, we simply substitute 100 for x in any of the y equation.

[tex]y = 57 + 0.08 * x[/tex]

[tex]y = 57 + 0.08 * 100[/tex]

[tex]y = 57 + 8[/tex]

[tex]y = 65[/tex]

Hence, the amount is $65


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Answers

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Answers

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Answers

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Answers

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Single Taxpayers: Qualified Dividends and Long-Term Capital Gains
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Answers

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Step-by-step explanation:

Answer:

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