Thinking Mathematically (6th Edition)

Published by Pearson
ISBN 10: 0321867327
ISBN 13: 978-0-32186-732-2

Chapter 8 - Personal Finance - 8.6 Cars - Exercise Set 8.6 - Page 548: 29

Answer

The given statement makes sense.

Work Step by Step

The given statement makes sense as buying a used car or a fuel-efficient car can help me to yield a significant amount of savings for my future. Fuel expense is one of the important operating expenses of the car and it constitutes a large portion of the operating expenses. The annual fuel expense can be estimated with the following formula: $\text{Annual Fuel Expense}=\frac{\text{Annual Miles Driven}}{\text{Miles Per Gallon}}\times \text{Price Per Gallon}$ While buying a used car or a fuel-efficient car, one can save oneself from the burden of bearing huge fuel expenses that might be incurred in future. However, a new car also involves a huge expenditure. Thus, the statement is well said.Hence, the given statement makes sense.
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