Carpool Savings Calculator

Calculate Carpool Savings







Formula

The formula to calculate the Carpool Savings (CS) is:

\[ CS = \frac{D \times C \times P}{N} \]

Where:

Definitions

Example

Let's say the total distance travelled per month (D) is 1000 miles, the cost per mile for driving (C) is $0.50, the percentage of time carpooling (P) is 0.75, and the number of people in the carpool (N) is 4. Using the formula:

\[ CS = \frac{1000 \times 0.50 \times 0.75}{4} \]

We get:

\[ CS = \frac{375}{4} = 93.75 \text{ dollars} \]

So, the monthly carpool savings is approximately $93.75.

Extended information about "Carpool-Savings-Calculator"

Electric Car Savings Calculator

Definition: Calculate the savings from using an electric car compared to a gasoline car.

Formula: \( S = (C_g - C_e) \times D \)

Example: \( S = (0.12 - 0.04) \times 15000 \)

Car Loan Savings Calculator

Definition: Calculate the savings from paying off a car loan early.

Formula: \( S = P \times \frac{r}{n} \times t \)

Example: \( S = 20000 \times \frac{0.05}{12} \times 3 \)

Electric Car Fuel Savings Calculator

Definition: Calculate the fuel savings from using an electric car.

Formula: \( S = (F_g - F_e) \times D \)

Example: \( S = (0.15 - 0.05) \times 12000 \)

Car Loan Payoff Savings Calculator

Definition: Calculate the savings from paying off a car loan early.

Formula: \( S = P \times \frac{r}{n} \times t \)

Example: \( S = 15000 \times \frac{0.04}{12} \times 2 \)

Calculate an Uber Pool Savings

Definition: Calculate the savings from using Uber Pool compared to a regular Uber ride.

Formula: \( S = (C_r - C_p) \times T \)

Example: \( S = (20 - 15) \times 50 \)