Question

After being involved in a car accident last month, Ralph’s insurance company has increased his annual premium by $105.38. Approximately what change will Ralph see on his future monthly statements as a result of the change?
a.
Ralph’s monthly insurance payment will not change.
b.
Ralph’s monthly insurance payment will increase by $8.78.
c.
Ralph’s monthly insurance payment will increase by $17.56.
d.
Ralph’s monthly insurance payment will increase $105.38.

Answer 1

@Haseeb96

Answer 2

$105.38 in 12 months is how much per month?

Answer 3

what are asking me to do

Answer 4

If the insurance goes up $105.38 in 1 year, how much does it cost extra per month?

Answer 5

I dont know thats why im here to get help

Answer 6

Let's say you buy a radio for $120, and you can pay it over 12 months.
You will make 12 equal payments for the radio.
How much would each monthly payment be?
You divide $120/12 = $10. You'd pay $10 per month for 12 months.
Since $10 * 12 = $120, you pay the entire cost of the radio in the 12 months.

Answer 7

ok

Answer 8

In your problem, the person already has car insurance and is paying a certain amount per month. We were not told how much he pays per month, it we don't need to know it.
The insurance went up by $105.38 in one full year.
He has to pay an extra $105.38 in one year.
$105.38 in a year is how much per month?

Answer 9

Just like with the radio, you divide $120/12,
here you divide $105.38/12.
What is $105.38/12 ?

Answer 10

8.78

Answer 11

Right. Since his insurance went up $105.38 per year, his monthly payment will go up $8.78 per month.
Now choose the correct choice from the given answers.