William Meyer bought a used car for $6,500 two years ago. He spent $1,299 for gas, $160 for oil changes, $209 for maintenance, and $200 for two new tires. He paid $657 for insurance and $158 for registration and licenses. He calculates the car has depreciated by about $2,100. William also drove the car a total of 16,789 miles and estimates that its present value is $4,400. What was the cost per mile for William to operate and maintain his car?

Question

Mathematics

Yamilet Shaw

6 March, 22:28

William Meyer bought a used car for $6,500 two years ago. He spent $1,299 for gas, $160 for oil changes, $209 for maintenance, and $200 for two new tires. He paid $657 for insurance and $158 for registration and licenses. He calculates the car has depreciated by about $2,100. William also drove the car a total of 16,789 miles and estimates that its present value is $4,400. What was the cost per mile for William to operate and maintain his car?

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Answers (2)

Know the Answer?

Gilberto Gillespie · Answer 1

Gilberto Gillespie 6 March, 23:19

0

The answer is $0.28

Jazlyn Buck · Answer 2

Total cost of operating the car is 6500+1299+160+209+200+657+158=$9183

the number of miles he drove is 16789 miles

cost per mile is $9183/16789=$0.55