If you pay $20.34 each month for your cell phone for two years, how much is the total cost of your cell phone? Round your answer to the nearest hundredth.

1. ### Break Down the Problem

To find the total cost of the cell phone over two years, we need to calculate the total payments made over that period of time.

2. ### Relevant Concepts

The total cost can be computed using the formula: $\text{Total Cost} = \text{Monthly Payment} \times \text{Number of Months}$

3. ### Analysis and Detail

1. Monthly Payment = $20.34
2. Number of months in two years = 2 years × 12 months/year = 24 months
3. Calculate the total cost: $\text{Total Cost} = 20.34 \times 24$

4. ### Verify and Summarize

Now we calculate: $20.34 \times 24 = 488.16$ The total cost of the cell phone over two years rounded to the nearest hundredth is $488.16.

Final Answer

The total cost of your cell phone over two years is $488.16.