Carlos purchased a car three years ago ata price of$21950. Today, the car's estimated worth is $15110. The complete car cost guide states the annual variable cost if the car is $1150 per year with insurance costing $1,259 per year. For each year, carlos paid $140 for license and registration fees. He drove the car 17,000 miles per yeas.After computing the car's depreciation and its total annual cost, find the cost per mile.
Cost per mile = (annual variable cost + annual fixed cost) divided by number of miles driven.Depreciation = purchase price-todays worth) divided by number of years owned.

Question

Carlos purchased a car three years ago ata price of$21950. Today, the car's estimated worth is $15110. The complete car cost guide states the annual variable cost if the car is $1150 per year with insurance costing $1,259 per year. For each year, carlos paid $140 for license and registration fees. He drove the car 17,000 miles per yeas.After computing the car's depreciation and its total annual cost, find the cost per mile.
Cost per mile = (annual variable cost + annual fixed cost)  divided by number of miles driven.Depreciation = purchase price-todays worth) divided by number of years owned.