Question: Question 1 ( 1 4 marks ) ( a ) Give ONE example for EACH of these categories of vehicle options - mechanical device and
Question marks
a Give ONE example for EACH of these categories of vehicle options mechanical device and convenience option.
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b Isabella owns a Toyota Camry and its gasoline consumption is litre per kilometres. She drives an average of kilometres per month.
Below are the fixed ownership costs and variable operating costs for Isabella's car.
tableCostsAverage gasoline price,$ per litreLicense and registration fees,$ per yearComprehensive car insurance premium,$ per monthParking and toll fees,$ per monthRepairs and maintenances ie oil change and tire replacement$ per yearAnnual interest on car loan,$ per year
Calculate i the total annual fixed ownership costs and ii the total annual variable operating costs of Isabella's Toyota Camry.
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