Using the crossover mileage between the hybrid vehicle and the alternative vehic
ID: 394659 • Letter: U
Question
Using the crossover mileage between the hybrid vehicle and the alternative vehicle from a competing auto manufacturer below, what is the crossover point in years?
Hybrid Vehicle
Vehicle Purchase Cost
$18,000
Vehicle Operating Cost per Mile
$0.13
Useful Life of Vehicle
15
Miles per Year
15,500
Miles per Gallon
33
Average Fuel Price per Gallon
$3.95
Alternative Vehicle
Vehicle Purchase Cost
$19,500
Vehicle Operating Cost per Mile
$0.08
Useful Life of Vehicle
15
Miles per Year
15,500
Miles per Gallon
36
Average Fuel Price per Gallon
$3.95
Given that the crossover mileage is 25,010 miles, the crossover point in years is_____years (round your response to two decimal places).
Hybrid Vehicle
Vehicle Purchase Cost
$18,000
Vehicle Operating Cost per Mile
$0.13
Useful Life of Vehicle
15
Miles per Year
15,500
Miles per Gallon
33
Average Fuel Price per Gallon
$3.95
Alternative Vehicle
Vehicle Purchase Cost
$19,500
Vehicle Operating Cost per Mile
$0.08
Useful Life of Vehicle
15
Miles per Year
15,500
Miles per Gallon
36
Average Fuel Price per Gallon
$3.95
Explanation / Answer
Since , Miles per year are same for both types of vehicles ,
Crossover mileage in years = Crossover mileage / Miles per year
Crossover mileage in years = 25,010 / 15,500 = 1.613 ( 1.61 years rounded to 2 decimal places )
THE CROSSOVER POINT IN YEARS WILL BE 1.61 YEARS
THE CROSSOVER POINT IN YEARS WILL BE 1.61 YEARS
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