You are deciding between a car that gets 40 miles per gallon and one that gets 20 miles per gallon. If gasoline costs $4 per gallon and you typically drive 15,000 miles per year, how much will you save each year by choosing the more fuel-efficient vehicle?

Question

Quizplus · Accepted Answer

The car that gets 40 miles per gallon will use 375 gallons per year (15,000 miles / 40 mpg), costing $1,500 (375 gallons * $4). The car that gets 20 miles per gallon will use 750 gallons per year (15,000 miles / 20 mpg), costing $3,000 (750 gallons * $4). The savings is $3,000 - $1,500 = $1,500.

You Are Deciding Between a Car That Gets 40 Miles