A car leasing firm must decide how much to charge for

Last updated: 7/29/2023

A car leasing firm must decide how much to charge for maintenance on the cars it leases After careful study the firm determines that the rate of maintenance M x on a new car will be approximately M x 53 1 x dollars per year where x is the number of years the car has been in use What total maintenance cost can the company expect for a 2 year lease What minimum amount should be added to the monthly lease payments to pay for maintenance on a 2 year lease Write a definite integral to find the total maintenance cost for a 2 year lease JOdx dx 0