Question

Abdul Muhal leased a sedan for business use as a salesperson.The lease cost $199 per month for 48 months. He paid a depositof $750, a title fee of $95, and license fee of $135. What is thetotal lease cost?

Answer 1

To calculate the total cost, we need to calculate the cost of the 48 months, which cost $199 each month, plus the deposit of $750, plus the title fee $95 and the license fee $135:

`(199\cdot48)+750+95+135=10532`

Thus, the total cost of the lease is $10,532