Question: Q 1 : MIT has designed an environmentally friendly car which will run on biodiesel. Biodiesel can be produced from the Jatropha plant for about

Q1: MIT has designed an environmentally friendly car which will run on biodiesel. Biodiesel can be produced from the Jatropha plant for about $0.2 per liter and blended with gasoline costing $0.8 per liter. The mixture costs $0.5 per liter. Assume that fuel consumption is 15 km per liter and engine performance in general is not affected by 20:80 blends.
1. How much money can be saved on driving 15,000 km per year?
2. How much gasoline per year is being conserved if 1 million people use the blended fuel?
Q2: Often it makes a lot of sense to spend some money now so you can save more money in the future. Consider filtered water. A high-tech water filter costs $50 and can filter 7200 ounces of water. This will save you purchasing two 20-ounce bottles of filtered water every day, each costing $ 1. The filter will need replacing every six months. How much will this filter save you in a years time.
Q3: The manufacturer of Brand A automobile tires claims that its tire can save 110 gallons of fuel over 55000 miles of driving, as compared to a popular competitor (Brand B). If gasoline costs $ 3 per gallon, how much per mile driven does this tire (Brand A) save the customer.

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