Question
Midge makes six payments each year of $115 for her auto insurance. How
much must she budget weekly to cover this fixed expense?
much must she budget weekly to cover this fixed expense?
Answers
GPT 3.5
To find out how much Midge must budget weekly for her auto insurance, we first need to calculate the total annual cost of her insurance.
Since she makes six payments each year of $115, we can calculate the annual cost as follows:
6 payments/year * $115/payment = $690/year
Next, we need to calculate how much she must budget weekly to cover this expense:
$690/year / 52 weeks = $13.27/week
Therefore, Midge must budget $13.27 weekly to cover her auto insurance expense.
Since she makes six payments each year of $115, we can calculate the annual cost as follows:
6 payments/year * $115/payment = $690/year
Next, we need to calculate how much she must budget weekly to cover this expense:
$690/year / 52 weeks = $13.27/week
Therefore, Midge must budget $13.27 weekly to cover her auto insurance expense.