Answer:
1)
Rent-A-Car: R = $0.25m + $100
World Explorer: W = $0.15m + $125
2)
World Explorer is the cheapest option.
3)
World Explorer is the cheapest option.
Explanation:
1)
You pay $0.25 per mile driven = $0.25m
You owe a flat fee of $100
Rent-A-Car: R = $0.25m + $100
Similarly, you pay $0.15 per mile in the World Explorer
And a flat fee of $125
World Explorer: W = $0.15m + $125
2)
Rent-A-Car:
- R = $0.25(200) + $100
- R = $50 + $100
- R=$150
World Explorer:
- W = $0.15(200) + $125
- W = $30 + $125
- W = $155
World Explorer is the cheapest option.
3)
Rent-A-Car:
- R = $0.25(500) + $100
- R = $125 + $100
- R = $225
World Explorer:
- W = $0.15(500) + $125
- W = $75 + $125
- W = $200
World Explorer is the cheapest option.
-Chetan K