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anonymous

  • one year ago

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.

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  1. anonymous
    • one year ago
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    @Haseeb96

  2. mathstudent55
    • one year ago
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    $105.38 in 12 months is how much per month?

  3. anonymous
    • one year ago
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    what are asking me to do

  4. mathstudent55
    • one year ago
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    If the insurance goes up $105.38 in 1 year, how much does it cost extra per month?

  5. anonymous
    • one year ago
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    I dont know thats why im here to get help

  6. mathstudent55
    • one year ago
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    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.

  7. anonymous
    • one year ago
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    ok

  8. mathstudent55
    • one year ago
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    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?

  9. mathstudent55
    • one year ago
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    Just like with the radio, you divide $120/12, here you divide $105.38/12. What is $105.38/12 ?

  10. anonymous
    • one year ago
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    8.78

  11. mathstudent55
    • one year ago
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    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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