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1-5. Henry Ford's Model T was was originally designed and built to run on ethanol. Today,...
Suppose a Toyota C-HR car, sold in Europe, was designed to run on a mix of ethanol and gasoline. Suppose that ethanol can be manufactured in an ideal situation for a cost of approximately $0.85 per gallon. Therefore, when blended with gasoline costing $6.00 per gallon, a mixture of 15% ethanol and 85% gasoline (called E15) costs $5.23 per gallon. How much money would be saved if you drive 12,000 miles in one year using the E15 fuel instead of...