Midge makes six payments each year of $115 for her auto insurance. Howmuch must she budget weekly to cover this fixed expense?a. $14.38b. $19.17C. $27.13d. $13.27

Respuesta :

Given

Six payments each year

$ 115

Procedure

If 6 payments are made in one year then each payment is made every two months.

We now know that a year has a total of 52 weeks.

Therefore, the monthly budget should be as follows:

[tex]\begin{gathered} W_b=\frac{6\cdot115}{52} \\ W_b=13.27\text{ } \end{gathered}[/tex]

The answer would be $13.27

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