Question

Mr. Kestor drives 24,000 miles per year and pays an average of $3,30 per gallon of gasoline. His car gets 25 miles per gallon. He estimates his repairs and maintenancecosts to be st 5675 for the year. How much should he budget monthly for car expenses?$333.77$320.25$315.641312.00None of these choices are correct

Answer 1

It is given that Mr K drives 24000 miles per year.

So in one month he travels:

`M=(24000)/(12)=2000`

He travels 2000 miles per month.

The average gasoline cost is $3.30 per gallon and the car gives 25 miles per gallon.

Hence the total monthly gas cost is:

`(2000)/(25)*3.3=264`

The monthly gas expense is $264

The yearly expense on repairs and maintenance is $5675 so the monthly expense is calculated as follows:

`(5675)/(12)=472.92`

Hence the total expense is given by:

`T=264+472.92=736.92`

Hence his monthly car expense is $736.92

Option E is correct.