annual expenses for an individual are shown in the table. to prorate the annual costs into a monthly budget…

annual expenses for an individual are shown in the table. to prorate the annual costs into a monthly budget, how much money per month should be budgeted for car insurance?\n\nannual expenses\ncar registration: $90.00\ncar insurance: $520.00\nhome insurance: $1020.00\n\nround to the nearest cent

annual expenses for an individual are shown in the table. to prorate the annual costs into a monthly budget, how much money per month should be budgeted for car insurance?\n\nannual expenses\ncar registration: $90.00\ncar insurance: $520.00\nhome insurance: $1020.00\n\nround to the nearest cent

Answer

Explanation:

Step1: Identify the annual cost

The annual cost for car insurance is $$520.00$.

Step2: Determine the number of months

There are $12$ months in one year.

Step3: Calculate the monthly budget

Divide the annual cost by the number of months: $$M = \frac{$520.00}{12}$$

Step4: Perform the division

$$M \approx 43.3333...$$

Step5: Round to the nearest cent

Rounding to two decimal places gives $$43.33$.

Answer:

$43.33