Question

A new car is for lease for $192 per month for 36 months, with a down payment of $358. the lease allows for 12,000 miles per year and includes a $0.29 per mile charge for miles driven in excess of that amount. at the end of the lease, the car has been driven a total of 45,425 miles. what is the cost for three years for this vehicle?

Answer 1

2 733.25 + 7270 = 10 003.25

Explanation:

192 * 36 = 6 912 +358 = 7 270

45425 - 36000 ( allowed miles for 3 years )

9 425 * 0.29 = 2 733.25