a lease costs $290 a month for 36 months. seth paid $650 for a security deposit, $70 for the title fee, and…

a lease costs $290 a month for 36 months. seth paid $650 for a security deposit, $70 for the title fee, and $48 for the license fee. the lease stated that there would be a $0.12 per mile charge for any miles driven over 40,000. he drove the car 41,050. true or false: the cost of the lease is $12,334. true false

a lease costs $290 a month for 36 months. seth paid $650 for a security deposit, $70 for the title fee, and $48 for the license fee. the lease stated that there would be a $0.12 per mile charge for any miles driven over 40,000. he drove the car 41,050. true or false: the cost of the lease is $12,334. true false

Answer

Explanation:

Step1: Calculate monthly - cost total

The monthly cost is $290 for 36 months. So the total monthly cost is $290\times36 = 10440$.

Step2: Calculate additional - fees total

The security deposit is $650, the title fee is $70, and the license fee is $48. So the total of these fees is $650 + 70+48=768$.

Step3: Calculate over - mileage cost

He drove 41050 miles and the limit is 40000 miles. The over - mileage is $41050 - 40000=1050$ miles. The over - mileage charge is $0.12$ per mile, so the over - mileage cost is $1050\times0.12 = 126$.

Step4: Calculate total lease cost

The total lease cost is the sum of the monthly cost total, additional fees total, and over - mileage cost. So it is $10440+768 + 126=11334$.

Answer:

False