12
QuizMultiple Choice

Long Term Purchases

Question 12 • 26-27 Ignite Technical Math-Financial Math - MA2007

Kevin is looking at two brands of washing machines. Between water and electricity, a Brand C washer uses about $0.65 per load, and a Brand D washer uses about $0.27 per load. Kevin averages about five loads of laundry per month. After one year, how much more would the utility costs for a Brand C washer be than the utility costs for a Brand D washer?

Answer
A
$22.80
B
$16.20
C
$7.60
D
$19.00

Explanation

Brand C costs $0.65 − $0.27 = $0.38 more per load than Brand D. Kevin does about 5 × 12 = 60 loads in a year, so the extra cost is 60 × $0.38 = $22.80. The correct choice is $22.80.

AI-written and checked against the verified answer.

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