# Our car insurance is paid quarterly (every 3 months). If your payment is \$218.56, how much should your estimated monthly expense be?

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## Question:

Our car insurance is paid quarterly (every 3 months). If your payment is \$218.56, how much should your estimated monthly expense be?

\$220.00
\$110.00
\$75.00
\$55.00

Estimated monthly expense is \$75.00

Step-by-step explanation:

We paid our insurance quarterly. Our payment is \$218.56

If we need to know  the amount of our monthly expense,  we must divide our payment between the 3 months of the quarter.

So,

Monthly expense=\$218.56/3

Monthly expense= 72,85

Approx Monthly expense= \$75.00

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