Question

You set up monthly recurring payments of $110.03, $45.66, and $22.87. How much will your recurring payments total over one year?

a) $1,865.22
b) $2,142.72
c) $2,562.49
d) $3,452.94

Answer 1

The answer is B 2,142.72 because when you add it all up then multiply by 12 it will equal that.

Answer 2

Option b $2,142.72

Explanation:

You set up monthly recurring payments of $110.03, $45.66 and $22.87

So the total payments for one month = 110.03 + 45.66 + 22.87 = $178.56

The total recurring payment for one month is $178.56

To find out total payments for one year, we multiply it with 12

$178.56 × 12 = $2,142.72

$2,142.72 would your recurring payments total one year.