7. One of the disadvantages of leasing a car instead of buying is that you are only allowed to drive a certain number of miles for the time you lease the car (usually 2 or 3 years). If you go over your miles, you can end up owing the dealer a lot of money at the end of the lease. If you drive a lot for work, leasing a car is probably not the best option for you. Mikey’s three-year lease allowed him to drive 12,000 miles per year with a penalty of $0.20 per mile for going over his included miles. When Mikey turned in the car to the dealer, it had 38,300 miles on it. How much does Mikey owe the dealer in penalties?

2 answers

it's beginning to look like a homework dump ...
i know nobody would understand it i have alot people already .