anonymous
  • anonymous
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.
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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katieb
  • katieb
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anonymous
  • anonymous
@Haseeb96
mathstudent55
  • mathstudent55
$105.38 in 12 months is how much per month?
anonymous
  • anonymous
what are asking me to do

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More answers

mathstudent55
  • mathstudent55
If the insurance goes up $105.38 in 1 year, how much does it cost extra per month?
anonymous
  • anonymous
I dont know thats why im here to get help
mathstudent55
  • mathstudent55
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.
anonymous
  • anonymous
ok
mathstudent55
  • mathstudent55
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?
mathstudent55
  • mathstudent55
Just like with the radio, you divide $120/12, here you divide $105.38/12. What is $105.38/12 ?
anonymous
  • anonymous
8.78
mathstudent55
  • mathstudent55
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.

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