Monthly Transportation Costs: How Much Does Ian Spend on His Car?

How much does Ian spend on his transportation costs each month?

Based on the data provided, what are the breakdowns of Ian's monthly transportation expenses?

Estimation of Ian's Monthly Transportation Costs

Based on the data provided, Ian spends approximately $624.05 on his transportation costs each month. This includes his car payment, insurance, maintenance, and gas consumption.

To calculate Ian's total transportation cost, we need to add up all of his expenses. The breakdown is as follows:

Car Payment: $276.58

Car Insurance: $189.33

Car Maintenance: $25

Gas Consumption: To calculate the gasoline cost, we first determine how many gallons Ian needs monthly by dividing the total miles driven by the miles per gallon. In this case, 837 miles ÷ 22 miles/gallon = 38.04 gallons. We then multiply this by the cost per gallon: 38.04 gallons × $3.5/gallon = $133.14.

Adding up all the expenses gives us Ian's total monthly transportation costs: $276.58 (car payment) + $189.33 (insurance) + $25 (maintenance) + $133.14 (gas) = $624.05.