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23 November, 10:40

You are considering buying two different vehicles. • The first is a van at $20,523, and an estimated annual operating cost of $3200. • The second is a fuel-efficient car at $23,540 and an estimated annual operating cost of $2450. Use these equations to represent the cost (y) of the cars over x years: Y = 20,523 + 3200 X Y = 23,540 + 2450 X

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  1. 23 November, 13:21
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    Fill in the following tables, using the equations.

    Cost of owning and operating the vehicles

    Vehicle 0 1 2 3 4 5 6

    Van $20,523 $23,723 $26,923 $30,123 $33,323 $36,523 $39,723

    Car $23,540 $25,990 $28,440 $30,890 $33,340 $35,790 $38,240

    How much does each vehicle cost initially?

    Van costs $20,523 Car costs $23,540

    How much does each cost to operate for one year?

    Van costs $3.200 Car costs $2,450

    Which one initially costs less?

    Van

    Which one will cost less over the six years?

    Car

    When do they cost about the same?

    year 4: van accumulated costs $33,323 and car accumulated costs = $33,340
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