5.Lana pays a semiannual premium of $300 for automobile insurance, a monthly premium of $100 for health insurance, and an annual premium of $700 for life insurance. Find her monthly expense.

Hey there! I'm happy to help!

We want to find out how much Lana pays per month. Let's dissect each payment we are given so we can find our monthly expense.

AUTOMOBILE INSURANCE

$300 for automobile insurance semiannually

The prefix semi- means half. Annual means year. So, she is paying $300 every half year, or six months. So, we can divide 300 by 6 to find how much she pays in one month!

300/6=50

Therefore, she pays $50 a month for automobile insurance.

HEALTH INSURANCE

We are told here that she pays $100 every month for health insurance. We don't need do anything else here!

LIFE INSURANCE

We see that Lana pays $700 per year on life insurance. We can divide this by 12 to find out how much there is in 1 month!

700/12≈58.33

Therefore, she pays $58.33 every month on life insurance.

SOLUTION

Now, we just add all of these monthly totals up to find Lana's monthly expense.

50+100+58.33=208.33

Therefore, Lana's monthly expense is $208.33.

I hope that this helps! Have a wonderful day!

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