SOLUTION: Heey, Can You Help Me Solve This Word Problem?(: Thank Youu.
Ace Rent A Car charges a flat fee of $20 and $0.20 a mile for their cars. Acme Rent A Car charges a flat fee of $38 an
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Question 344076: Heey, Can You Help Me Solve This Word Problem?(: Thank Youu.
Ace Rent A Car charges a flat fee of $20 and $0.20 a mile for their cars. Acme Rent A Car charges a flat fee of $38 and $0.10 a mile for their cars. Use the following model to find out after how many miles Ace Rent a Car becomes more expensive then Acme Rent a Car.
c=20+0.2m Ace
c=38+0.1m Acme
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
Let
represent the number of miles traveled.
Then:
Represents the total cost in dollars of renting from Company #1 for
miles.
Whereas:
Represents the total cost in dollars of renting from Company #2 for
miles.
Clearly, for small values of
,
is less expensive. Substitute 1 mile for
in each of the functions and see which is smaller, i.e. less expensive.
Also, for large values of
,
becomes less expensive at some point. Substitute 1000 for
in each of the functions and see which is smaller, i.e. less expensive.
Somewhere between 1 mile and 1000 miles is a point where the cost of both becomes equal. This is called the break-even point. Mileage below the breakeven point makes
less, above the breakeven point makes
less.
The breakeven point is where the two costs are equal:
But we can replace each side of this equation with the expressions they are equal to:
Solve for
.
John

My calculator said it, I believe it, that settles it

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