In: Statistics and Probability
You have a work trip next week and your boss asks you to rent a car. One choice of a rental car is a Hyundai Elantra which gets 40 miles per gallon. You will be gone for one day. The price of the rental car is $45.49 per day, plus tax (15.3%). When you pick up the car, it has a full tank of gas and you need to return it this way. You will be driving 132 miles each way. Gas costs $2.65 per gallon.
a) What is the rental cost of the car for one day with tax? Round to the nearest cent (two decimal places).
b) How much will it cost you in gas?
c) What is the total cost of using the car: rental cost plus gas?
d) What is the cost of renting the car per mile, to four decimal places?