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Your insurance policy is $3,600 for the year. What is your monthly premium? Show your calculation.

A. $300
B. $200
C. $250
D. $400

1 Answer

4 votes

Final answer:

To find the monthly premium for an annual insurance policy cost of $3,600, divide the yearly cost by 12, resulting in a $300 monthly premium.

Step-by-step explanation:

The question asks us to calculate the monthly premium of an insurance policy that costs $3,600 for the year. To find the monthly premium, we need to divide the total annual cost by the number of months in a year, which is 12. Performing the calculation, we get:

$3,600 รท 12 months = $300 per month.

Therefore, the correct answer is A. $300.

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