Anna decided to pay her car insurance in monthly installments. If her premium is €600 annually, how much does Anna pay every month?
Question
Anna decided to pay her car insurance in monthly installments.
If her premium is €600 annually, how much does Anna pay every month?
Solution
Break Down the Problem
- Identify the total annual premium: €600.
- Determine the number of months in a year: 12.
Relevant Concepts
To find the monthly payment, we can use the formula for the monthly installment:
Analysis and Detail
Calculate the monthly payment using the values identified:
- Total Annual Premium = €600
- Number of Months = 12
Applying the formula:
Verify and Summarize
Performing the calculation:
Final Answer
Anna pays €50 every month for her car insurance.
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