The Highway Traffic Administration raised the average fuel efficiency standard to 35.5 miles per gallon for cars and light trucks by the year 2016. The rules will cost consumers an average of $434 extra per vehicle in the 2012 model year. If a person purchases a new car in 2012 and keeps it for 5 years, how much must be saved in fuel costs each year to justify the extra cost? Use an interest rate of 8% per year. О а. Р108.50 O b. P 108.70 О с. Р107.30 O R 10 r 00

The Highway Traffic Administration raised the average fuel efficiency standard to 35.5 miles per gallon for cars and light trucks by the year 2016. The rules will cost consumers an average of $434 extra per vehicle in the 2012 model year. If a person purchases a new car in 2012 and keeps it for 5 years, how much must be saved in fuel costs each year to justify the extra cost? Use an interest rate of 8% per year. О а. Р108.50 O b. P 108.70 О с. Р107.30 O R 10 r 00

Sustainable Energy

2nd Edition

ISBN:9781337551663

Author:DUNLAP, Richard A.

Publisher:DUNLAP, Richard A.

Chapter20: Hydrogen

Section: Chapter Questions

Problem 18P

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