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

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

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Monthly expense= 72,85

Approx Monthly expense= $75.00

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