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Linda and Jerry are faced with a car replacement opportunity where an interest rate can be ignored. Jerry’s old clunker that averages 10 miles per gallon (mpg) of gasoline can be traded in toward a vehicle that gets 15 mpg. Or, as an alternative, Linda’s 25 mpg car can be traded in toward a new hybrid vehicle that averages 50 mpg. If they drive both cars 12,000 miles per year and their goal is to minimize annual gas consumption, which car should be replaced—Jerry’s or Linda’s? They can only afford to upgrade one car at this time.

Linda and Jerry are faced with a car replacement opportunity where an interest rate can be ignored. Jerry’s old clunker that averages 10 miles per gallon (mpg) of gasoline can be traded in toward a vehicle that gets 15 mpg. Or, as an alternative, Linda’s 25 mpg car can be traded in toward a new hybrid vehicle that averages 50 mpg. If they drive both cars 12,000 miles per year and their goal is to minimize annual gas consumption, which car should be replaced—Jerry’s or Linda’s? They can only afford to upgrade one car at this time.

Elements Of Electromagnetics
Elements Of Electromagnetics
7th Edition
ISBN:9780190698614
Author:Sadiku, Matthew N. O.
Publisher:Sadiku, Matthew N. O.
ChapterMA: Math Assessment
Section: Chapter Questions
Problem 1.1MA
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Linda and Jerry are faced with a car replacement opportunity where an interest rate can be ignored. Jerry’s old clunker that averages 10 miles per gallon (mpg) of gasoline can be traded in toward a vehicle that gets 15 mpg. Or, as an alternative, Linda’s 25 mpg car can be traded in toward a new hybrid vehicle that averages 50 mpg. If they drive both cars 12,000 miles per year and their goal is to minimize annual gas consumption, which car should be replaced—Jerry’s or Linda’s? They can only afford to upgrade one car at this time.

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