Question

Alejandro Yago leased a Jeep for $209.00 per month for 60 months.He paid a deposit of $850.00, a title fee of $45.00, and a license fee of $60.00. The lease carried a stipulation charging $0.12 per mile for all miles over 60,000. Alejandro drove the Jeep 73,524 miles. What is the total cost of leasing the vehicle?

asap pls I need it

Answer 1

$ 14,267.88

Step-by-step explanation:

The total cost of leasing the jeep will be

Title fee : = $45.00

License fee: =$60.00

Monthly fees: $209.00 x 60 = $12,540

charges for miles above 60,000 miles (73,524 -60,000)

=$0.12 x 13524

=$1,622.88

Total cost = $45 +$60 + $12,540, + $1,622.88

Total cost = $ 14,267.88