Question

Alma wants to budget for her upcoming renter's insurance renewal, which will cost
\[\$250\]. To do this, she plans to save equal amounts each month for the next
\[5\] months.
How much will Alma need to save each month?
\[\$\]
per month

Answer 1

To find out how much Alma needs to save each month, we need to divide the total cost of the insurance (\$250) by the number of months she plans to save for (5 months).

\[\frac{\$250}{5} = \$50 \text{ per month}\]

Therefore, Alma will need to save \$50 each month.