Respuesta :
The monthly expense is $240.84
What is monthly expense?
The monthly expense means that the total monthly cost of Lan for automobile insurance, health insurance as well as for life insurance.
This simply means that we need to ascertain the monthly cost of each insurance option and sum them together to find the total monthly expense of the insured, Lan, in other words, the monthly expense is what he spends monthly on various forms of insurance.
semiannual automobile insurance premium=$550
monthly automobile insurance premium=$550/6
monthly automobile insurance premium=$91.67
monthly health insurance premium=$120
annual life insurance premium=$350
monthly life insurance premium=$350/12
monthly life insurance premium=$29.17
The monthly expense=$91.67+$120+$29.17
The monthly expense=$240.84
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Full question:
Prorate the following expenses and find the corresponding monthly expense.
Lan pays a semiannual premium of $550 for automobile insurance, a monthly premium of $120 for health insurance, and an annual premium of $350 for life insurance.
The monthly expense is $ __
