Answered

Rad makes six payments a year of $175.50 for his auto insurance. HOWmuch must he budget weekly to cover this fixed expense?a. $20.25b. $43.88c. $1,053d. $87.75

Answer :

Given:

Rad makes six payments a year of $175.50 for his auto insurance.

To find the weekly budget to cover this fixed expense:

The total payment is,

[tex]\text{ \$}175.5\times6=\text{ \$}1053[/tex]

So, the weekly budget must be,

[tex]\frac{1053}{52}=\text{ \$20.25}[/tex]

Hence, the answer is $20.25.

Other Questions