Suppose That the Purchase Price for a Piece of Equipment

question 17

Multiple Choice

Suppose that the purchase price for a piece of equipment is $12,000,with operational costs of $400 per day.If the same equipment can be leased for $800 per day (inclusive of operational costs) ,after how many days will the lease cost equal the purchase cost?

• A) 10
• B) 15
• C) 30
• D) 60

---

Definitions:

Ureters

Tubes that transport urine from the kidneys to the bladder, part of the urinary tract system.

Urethra

The tube that conducts urine from the bladder to the outside of the body in both males and females.

Glomerular Capsule

A cup-like sac at the beginning of the tubular component of a nephron in the kidney that performs the first step in the filtration of blood to form urine.

Proximal Convoluted Tubule

A portion of the kidney nephron responsible for reabsorbing water, sodium, and other substances from the filtrate.