A taxi company charges $1.40 for the first quarter of a mile and fifteen cents for each additional quarter of a mile. What is the maximum distance someone could travel with $4.90? Choose the most appropriate option.
A) 4 miles  B) 4 1/4 miles  C) 4 3/4 miles  D) 5 1/2 miles  E) 6 miles
If we start out with $4.90 and have to spend $1.40 for the first quarter-mile, we will have $3.50 left to spend on quarter-mile intervals.   Since $3.50/$0.15 = 23.33, we can buy 23.33 more quarter-miles, and will travel 24.33 quarter miles in all:   24.33 × 1/4 = 6 miles.   The correct answer is choice (6 miles).
<result>E</result>
A taxi company charges $1.40 for the first quarter of a mile and fifteen cents for each additional quarter of a mile. What is the maximum distance someone could travel with $4.90?