Question

The company will pay $550 per year for your health insurance. What is the monthly amount they will pay?

A. $45.83
B. $46.50
C. $47.65
D. $48.26

Answer 1

A. $45.83

Explanation:

This problem can be solved by a simple rule of three.

Each year has 12 months. The company will pay $550 per year for your health insurance. This means that in 12 months, the company will pay $550.

What is the monthly amount they will pay?

This is how much they are going to pay in one month. So:

1 month - $x

12 months - $550

`12x = 550`

`x = (550)/(12)`

`x = 45.83`

So the correct answer is:

A. $45.83