Chris's dad wants to buy a used car to give to Chris for his birthday. The car costs $7,500 to purchase and $0.15 per mile for gas and maintenance. After how many miles will the total cost equal $15,000?
Let's assume that x is the number of miles driven after the car is purchased. The cost of gas and maintenance will then be 0.15 * x dollars. Since the total cost of the car is 7,500 dollars, the total cost of owning the car will be 7,500 + 0.15 * x dollars.
To find out after how many miles the total cost will equal 15,000 dollars, we can set up the equation:
7,500 + 0.15 * x = 15,000
To solve for x, we subtract 7,500 from both sides of the equation:
0.15 * x = 7,500
Then, we divide both sides by 0.15:
x = 7,500 / 0.15 = 50,000
After 50,000 miles, the total cost of owning the car will equal $15,000.