Question

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 1

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,

`\text{ \$}175.5*6=\text{ \$}1053`

So, the weekly budget must be,

`(1053)/(52)=\text{ \$20.25}`

Hence, the answer is $20.25.