Question

Home insurance costs $468 annually. How much should you budget monthly for home insurance?

Answer 1

468/12 = 39 a month
..............

Answer 2

Hence,

The monthly budget of the insurance is $ 39.

Explanation:

It is given that:

Home insurance costs $468 annually.

it means that the payment of the insurance in one year is $ 468.

Now we are asked to find how you should budget monthly for home insurance.

We know that there are 12 months in a year.

so, we will divide the total payment in a year by the number of months in a year so as to obtain the monthly payment of the insurance.

Hence, Monthly payment of insurance is:

`(468)/(12)=39`

Hence,

The monthly budget of the insurance is $ 39.