To calculate the total cost of buying and using each boat, we will need to consider the cost of buying the boat, the annual cost of insurance, and the annual cost of gasoline.
For Boat A:
- Cost of buying the boat: $2,400
- Annual cost of insurance: $600
- Annual cost of gasoline: 40 miles/month * 12 months/year * $3.89/gallon * 1 gallon/15 miles = $124
Total cost of buying and using Boat A for 3 years:
$2,400 + ($600 * 3) + ($124 * 3) = $8,232
For Boat B:
- Cost of buying the boat: $2,800
- Annual cost of insurance: $250
- Annual cost of gasoline: 40 miles/month * 12 months/year * $3.89/gallon * 1 gallon/18 miles = $106.67
Total cost of buying and using Boat B for 3 years:
$2,800 + ($250 * 3) + ($106.67 * 3) = $3,825.01
Based on the calculations, Boat B will cost Stephanie the least to buy and use, with a total cost of $3,825.01 compared to Boat A's total cost of $8,232.
Stephanie is looking to purchase a used boat. She is choosing between two boats. The table shows information about each boat.
Boat A $2400 15 $600
Boat B $2800 18 $250
Stephanie wants to compare the total cost of buying and using these boats on her local lake.
• Stephanie estimates she will drive the boat at least 40 miles per month.
• The average cost of gasoline per gallon in her city is $3.89.
• Stephanie plans on owning the boat for 3 years.
Calculate and explain which boat will cost Stephanie the least to buy and use.
1 answer