Chapter 7 - Cars

Lisa rented a minivan while on vacation. It cost $70 per day plus $0.48 per mile. She used the van for 5 days, drove 600 miles, and paid $110 in total for gas. What was her total rental cost?

• $748

• $893

• $731

• $920

The Olson Family rents a car for $90 per day plus $0.25 per mile. Over the course of their 8-day rental, they drive 430 miles and spend $80 on gas. What is their cost per mile?

• $907.50

• $2.11

• $3.50

• $1.99

Louis leased a sports car for $350 per month for 60 months. He paid a deposit of $3,000, a title fee of $105, and a license fee of $140. What is the total lease cost?

• $24,245

• $32,989

• $21,890

• $25,677

Fiona leased a sedan for business use as a salesperson. The lease cost $150 per month for 48 months. She paid a deposit of $1,500, a title fee of $95, and a license fee of $125. What is the total lease cost?

• $8,920

• $14,875

• $7,334

• $11,532

Last year, Bobby drove 14,500 miles and had the following expenses: gas $6,500; maintenance $300; parking and tolls $125; tires $600; insurance $800; loan interest $375; and depreciation $6,700. What was his cost per mile last year?

• $1.06

• $2.30

• $1.70

• $1.17

When Sam bought her car four years ago it cost her $26,700, but now it’s only worth $15,675. What was the depreciation on Sam’s car?

• $2,756.25

• $11,025

• $4,561.75

• $8,500

Last year, Taylor’s total variable costs were $1,800 and her total fixed costs (including depreciation) were $3,000. Victoria drove 14,800 miles last year. Find Taylor’s cost per mile to operate her vehicle last year.

• $0.32

• $1.50

• $0.12

• $0.68

Use the table in section 7.3 of your notes to answer the following:

Sarah's insurance covers bodily injury 50/100 and $50,000 property damage. It has a $50-deductible comprehensive and a $50-deductible collision. Her car is in group B14 and her driver rating factor is 1.70. Find her annual premium.

• $1,309

• $1,450

• $980

• $1,135

Use the table in section 7.3 of your notes to answer the following:

Larry's insurance covers bodily injury 100/200 and $100,000 property damage. It has a $50-deductible comprehensive and a $50-deductible collision. His car is in group D11 and his driver rating factor is 2.00. Find his annual premium.

• $1,362

• $681

• $1,298

• $1,132

Chanel is purchasing a used station wagon. One used vehicle guide shows the average retail value to be $16,000. As compared to the base model, this station wagon has tinted windows worth $450 and power windows worth $75. It has high mileage though, so deduct $1,900. Find the average retail price of the used station wagon.

• $14,625

• $15,421

• $19,452

• $11,301