Q:

Suppose you drive 22,000 miles a year and gas averages $3.45 a gallon. What would you save by driving a hybrid that averages 38mpg versus a SUV that averages 21 mpg?Compute the savings in fuel expenses,$(Simplify your answer. Round to the nearest dollar as needed.)

Accepted Solution

A:
Answer:$1,616.91Step-by-step explanation:Data provided in the question:Total distance to be driven = 22,000 milesAverage of hybrid = 38 mpgThus,total fuel required by hybrid to travel 22,000 miles = [tex]\frac{22,000}{38}[/tex]= 578.95 gallonsand,Average of SUV = 21 mpgtotal fuel required by SUV to travel 22,000 miles = [tex]\frac{22,000}{21}[/tex]= 1047.62 gallonsTherefore, savings in fuel = 1047.62 gallons -  578.95 gallons = 468.67 gallonsThus,the savings in fuel expenses = Savings in fuel × Cost of gas = 468.67 × 3.45= $1,616.91