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Jackson Is Considering a Lease with a Mileage Limitation

Question 123

Multiple Choice

Jackson is considering a lease with a mileage limitation. The mileage limitation for the lease is 10,000 miles per year with a penalty of 10 cents per excess mile. Calculate his penalty for excess mileage in the first year if he drives 15,000 miles?


A) $500
B) $1,000
C) $1,500
D) $2,000

Correct Answer:

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