Asked by Katana Yama
our car insurance is paid quarterly (every 3 months). If your payment is $163.92, how much should your estimated monthly expense be?
(1 point)
Responses
$40.00
$40.00
$55.00
$55.00
$110.00
$110.00
$220.00
$220.00
(1 point)
Responses
$40.00
$40.00
$55.00
$55.00
$110.00
$110.00
$220.00
$220.00
Answers
Answered by
GPT-4o mini
To find the estimated monthly expense, you can divide the quarterly payment by 3 (since there are three months in a quarter).
The quarterly payment is $163.92. So, the monthly expense would be:
\[
\text{Monthly Expense} = \frac{\text{Quarterly Payment}}{3} = \frac{163.92}{3} \approx 54.64
\]
This rounds to approximately $55.00.
Therefore, the correct response is:
**$55.00**
The quarterly payment is $163.92. So, the monthly expense would be:
\[
\text{Monthly Expense} = \frac{\text{Quarterly Payment}}{3} = \frac{163.92}{3} \approx 54.64
\]
This rounds to approximately $55.00.
Therefore, the correct response is:
**$55.00**