Math  /  Numbers & Operations

QuestionAnnual expenses for an individual are shown in the table. To prorate the annual costs into a monthly budget, how much money per month should be budgeted for car registration? \begin{tabular}{|l|r|} \hline \multicolumn{2}{|c|}{ Annual Expenses } \\ \hline Car Registration & $90.00\$ 90.00 \\ \hline Car Insurance & $520.00\$ 520.00 \\ \hline Home Insurance & $1020.00\$ 1020.00 \\ \hline \end{tabular} \$[?]

Studdy Solution

STEP 1

1. The annual expense for car registration is $90.00.
2. A year consists of 12 months.
3. We need to prorate the annual car registration cost into a monthly budget.

STEP 2

1. Identify the total annual cost for car registration.
2. Divide the annual cost by the number of months in a year to find the monthly cost.

STEP 3

Identify the total annual cost for car registration. Total annual cost for car registration=$90.00 \text{Total annual cost for car registration} = \$90.00

STEP 4

Divide the annual cost by the number of months in a year to find the monthly cost. Monthly cost for car registration=$90.0012 \text{Monthly cost for car registration} = \frac{\$90.00}{12}

STEP 5

Calculate the monthly cost. Monthly cost for car registration=$7.50 \text{Monthly cost for car registration} = \$7.50
Therefore, the amount to be budgeted per month for car registration is \$7.50.

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