Question

automobile ownership
arvin has leased a car with monthly payments of $250. if he exceeds the agreed mileage limit, he has to pay $0.24 for
each additional mile. after the lease term, it was found that arvin went 558 miles over the limit. how much will arvin have to
pay for the extra miles?
$60.00 $133.92 $193.92 $1,339.20

Explanation:

Step1: Identify the relevant values

The cost per extra mile is \$0.24, and the number of extra miles is 558.

Step2: Calculate the total cost for extra miles

To find the total cost, we multiply the cost per mile by the number of extra miles. So we use the formula: \(\text{Total Cost} = \text{Cost per mile} \times \text{Number of extra miles}\)
Substituting the values, we get: \(\text{Total Cost} = 0.24 \times 558\)
Calculating \(0.24\times558\):
First, \(558\times0.2 = 111.6\) and \(558\times0.04 = 22.32\)
Then, adding these two results together: \(111.6 + 22.32 = 133.92\)

Answer:

\$133.92