Enter the monthly vehicle rate ($/month), the insurance rate per day ($/day), and the length of rental (days) into the calculator to determine the Auto Rent.

## Auto Rent Formula

The following formula is used to calculate the Auto Rent.

AR = (VHR / 30  + IR) * LR

• Where AR is the Auto Rent ($) • VHR is the monthly vehicle rate ($/month)
• IR is the insurance rate per day ($/day) • LR is the length of rental (days) ## How to Calculate Auto Rent? The following example problems outline how to calculate Auto Rent. Example Problem #1 1. First, determine the monthly vehicle rate ($/month). In this example, the monthly vehicle rate ($/month) is given as 1500 . 2. Next, determine the insurance rate per day ($/day). For this problem, the insurance rate per day ($/day) is given as 30 . 3. Next, determine the length of rental (days). In this case, the length of rental (days) is found to be 60. 4. Finally, calculate the Auto Rent using the formula above: AR = (VHR / 30 + IR) * LR Inserting the values from above yields: AR = (1500 / 30 + 30) * 60 = 4800 ($)

Example Problem #2

The variables needed for this problem are provided below:

monthly vehicle rate ($/month) = 500 insurance rate per day ($/day) = 20

length of rental (days) = 10

Entering these values and solving gives:

AR = (500 / 30  + 20) * 10 = 366.66 (\$)