Jay wants to rent a car. The company he will rent from uses the formula C = 25 + 0.40m to determine rental cost, where C represents the total cost in dollars and m represents the number of miles driven. Which statement is true given this information?
There is a $25.40 cost per day.
The 25 means there is an initial charge of $25.
The 0.40 means there is an initial charge of $40.
The 25 means the charge for each mile is 25 cents.
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