If you drive 10,000 miles per year and get 20 miles to the gallon, how much more will premium gas cost you over a 5-year period if it costs $0.60/gallon more than regular gas?

To determine the additional cost of using premium gas over regular gas over a 5-year period, we first need to find out how much gas you would use in that timeframe and then calculate the cost difference due to the price increase of premium gas.

Driving 10,000 miles per year at a fuel efficiency of 20 miles per gallon means you will consume:

1. Calculate the total gallons used each year:

• 10,000 miles/year ÷ 20 miles/gallon = 500 gallons/year.

2. Over a 5-year period, the total gallons of gas used would be:

• 500 gallons/year × 5 years = 2,500 gallons.

3. Next, since premium gas costs $0.60 more per gallon than regular gas, we need to find out the total additional cost incurred by purchasing premium gas instead of regular gas over those 5 years:

• Additional cost per gallon = $0.60.
• Therefore, over 5 years: 2,500 gallons × $0.60/gallon = $1,500.

This calculation shows that the total cost difference for choosing premium gas over regular gas during the specified time is indeed $1,500. This supports the choice