Greg plans to purchase a bicycle. Bike A costs $270 and has an expected maintenance cost of $36 per year. Bike B costs $360 and has an expected maintenance cost of $20 per year. Which statement is true based on the average annual cost of each bike?

Bike A is the better choice if Greg plans on owning the bike for 5 years or 6 years.

Bike B is the better choice if Greg plans on owning the bike for 5 years or 6 years.

Bike A is the better choice if Greg plans on owning the bike for 5 years. Bike B is the better choice if Greg plans on owning the bike for 6 years.

Bike B is the better choice if Greg plans on owning the bike for 5 years. Bike A is the better choice if Greg plans on owning the bike for 6 years.

Question

Mathematics

Aryana Kelly

6 July, 09:23

Greg plans to purchase a bicycle. Bike A costs $270 and has an expected maintenance cost of $36 per year. Bike B costs $360 and has an expected maintenance cost of $20 per year. Which statement is true based on the average annual cost of each bike?

Bike A is the better choice if Greg plans on owning the bike for 5 years or 6 years.

Bike B is the better choice if Greg plans on owning the bike for 5 years or 6 years.

Bike A is the better choice if Greg plans on owning the bike for 5 years. Bike B is the better choice if Greg plans on owning the bike for 6 years.

Bike B is the better choice if Greg plans on owning the bike for 5 years. Bike A is the better choice if Greg plans on owning the bike for 6 years.

+1

Answers (1)

Know the Answer?

Patrick · Answer 1

Bike B is better choice if Greg plans on owning the bike for 5 years or 6 years.

Explanation: Maintenance cost of $20 per year x 12 months x 6 years =

$1,440 annual cost compared to Bike A that has $2,592 annual cost. So, it is better to choose the lesser amount of annual cost.