Your car insurance is paid quarterly( every 3 months). If your payment is $163.92, How much should your estimated monthly expense be?
A. $40.00
B. $55.00*
C. $110.00
D. $220.00
Yes, B.
To calculate the estimated monthly expense, you need to divide the quarterly payment by 3, since there are 3 months in a quarter.
First, let's divide the quarterly payment of $163.92 by 3:
$163.92 / 3 = $54.64
The estimated monthly expense would be $54.64.
Among the given options, the closest one to $54.64 is option B, which is $55.00.
Therefore, the correct answer is B. $55.00
To determine the monthly expense for car insurance, we need to divide the quarterly payment by 3, since there are three months in a quarter.
Quarterly payment: $163.92
Monthly expense = Quarterly payment / 3
Therefore, the estimated monthly expense would be:
$163.92 / 3 = $54.64 (rounded to the nearest cent)
Therefore, the estimated monthly expense should be approximately $55.00.
So, the correct answer is B. $55.00.