Under certain conditions, the average cost of driving a medium sedan in 2012 was 0.63 per mile. how much would it have cost to drive such a car 12,000 miles in 2012

The cost to drive such a car 12,000 miles in 2012 was 7560

Explanation

The average cost of driving a medium sedan in 2012 was 0.63 per mile.

Now for finding the total cost to drive such a car, we need to multiply the 'cost per mile' by the 'total number of miles'.

So, total cost to drive 12000 miles

the answer is 200

step-by-step explanation:

the way the question is worded, it seems to imply the $264 interest is simple interest, not compound interest.

the simple interest for 2 years is $264; the simple interest for 1 year is $132.

$132 interest on a $600 investment means an interest rate of (132/600)*100 = 22%.

the value of $200 at 22% interest compounded annually for three years is

200%281.22%29%5e3

the amount of interest is that value, minus the original $200.

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step-by-step explanation: