Solve the Problem. -A Truck Rental Company Rents a Moving Truck One Day

question 198

Multiple Choice

Solve the problem.
-A truck rental company rents a moving truck one day by charging $29 plus $0.11 per mile. Write a linear equation that relates the cost C, in dollars, of renting the truck to the number x of miles driven. What is the cost
Of renting the truck if the truck is driven 180 miles?

• A) C(x) = 0.11x + 29; $48.80
• B) C(x) = 0.11x - 29; -$9.20
• C) C(x) = 29x + 0.11; $5220.11
• D) C(x) = 0.11x + 29; $30.98

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Definitions:

Ownership Equity

The remaining interest in the assets of a business after all debts have been subtracted, signifying the ownership stake.

Revaluation Of Land

The process of adjusting the book value of land to reflect its current market value, resulting in a change in the asset's valuation on the balance sheet.

Market Value

The price at which assets or services are currently being exchanged in the marketplace.

Accumulated Depreciation

The total amount of a company's asset value that has been expensed as depreciation since the asset was acquired.