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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
Answer:
Answer:
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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