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Ethanol blended with gasoline can be used to power a flex-fueled car. One particular blend that is gaining in popularity is E85, which is 85%
Ethanol blended with gasoline can be used to power a "flex-fueled" car. One particular blend that is gaining in popularity is E85, which is 85% ethanol and 15% gasoline. E85 is 80% cleaner burning than gasoline alone, and it reduces our dependency on foreign oil. But a flex-fueled car costs P48,000 more than a conventional gasoline-fueled car. Additionally, E85 fuel gets 10% less miles per gallon than a conventional automobile. Consider a 100% gasoline-fueled car that averages 30 miles per gallon. The E85- fueled car will average about 27 miles per gallon. Gasoline costs P200 per gallon. If either car will be driven 81,000 miles before being traded in: What is the total cost of the conventional gasoline-fueled car? (Round up to nearest two decimal places) (5 pts.) Answer:P How much will the E85 fuel have to cost (per gallon) to make the flex-fueled car as economically attractive as a conventional gasoline-fueled car? (Round up to nearest two decimal places) (5 pts.) Answer:P If the E85 fuel costs P160 per gallon, how much is its economic advantage/disadvantage against gasoline? (Round up to nearest two decimal places) (5 pts.) Answer: P
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