annual expenses are shown in the table. to prorate the annual costs into a monthly budget, how much money…

annual expenses are shown in the table. to prorate the annual costs into a monthly budget, how much money per month should be budgeted for car registration?\n|annual expenses|\n|--|--|--|\n|car registration|$80.00|\n|car insurance|$500.00|\n|home insurance|$920.00|\nround to the nearest cent.

annual expenses are shown in the table. to prorate the annual costs into a monthly budget, how much money per month should be budgeted for car registration?\n|annual expenses|\n|--|--|--|\n|car registration|$80.00|\n|car insurance|$500.00|\n|home insurance|$920.00|\nround to the nearest cent.

Answer

Explanation:

Step1: Divide annual cost by 12

To get the monthly budget, divide the annual car - registration cost by 12 months. The formula is $\text{Monthly cost}=\frac{\text{Annual cost}}{12}$. The annual cost of car registration is $80. So, $\text{Monthly cost}=\frac{80}{12}$.

Step2: Calculate and round

$\frac{80}{12}\approx6.67$.

Answer:

$6.67$