Question

If Roger King's total cost for leasing a midsize car was $10,969 for two years, how much were his costs for insurance and maintenance? Note: Lease rate for midsize car =$359 per month for two years.$3,124$2,865$2,353$2.198None of these choices are correct.

Answer 1

We know that the lease rate for mid size car is 359 per month for two years,

So, to know the total value in 2 years we need to multiply the value by the number of months,

$\begin{gathered} \text{ Lease rate} \\ 359\cdot24=8616 \end{gathered}$

Now, to find the costs of insurance and maintenancde, We must subtract the lease rate from the total spent,

$10969-8616=2353$

Finally, the total cost for insurance and maintenance was $2353.