Question

Marie has renters insurance that she must pay twice a year. If each payment is $96, how much money should she set aside each month to cover her renters insurance? $48

Answer 1

$96(2 payments) = $192

$192/(12 months) = $16 per month (she should set aside)

Answer 2

Answer: $16

Explanation:

Given: Marie has renters insurance that she must pay twice a year.

The amount of each payment = $96

So, the total payment in the year =
`2*96=\$192`

Since, in one year = 12 months

Therefore, the amount of money she should set aside each month to cover her renters insurance=
`(192)/(12)=16`

Hence, She should set aside $16 each month to cover her renters insurance.