Mathematics/Business/ Personal Development
1. Maintenance costs for new cars are approximately $1000 per year based on a $250 charge every 3 months. This charge includes oil/filter changes, lubrication, and adjustments. However, as cars become older maintenance costs increase. If maintenance costs increase by 25% for each year beyond the first year in service, what will your maintenance cost be for a 5 year old car?
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YEARLY COST |
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2. You have to include the cost of fuel for your car as part of the overall expense or operating costs. You will have to determine how many kilometres (Kms) you expect to drive in 1 year. Based on the assumption that 30,000 kilometres (Kms) will cost $3,300 in fuel, complete the chart below by using this information.
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10, 000 Kms | 20,000 Kms | 30,000 Kms | 40,000 Kms |
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YEARLY COST |
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REGISTRATION COSTS
3. If a new vehicle costs $25,000 the registration fee is $500. Based on this ratio, determine the registration cost for your vehicle. Show how you arrived at your cost in the space below.