Given:
Lan pays,
A semiannual premium of $650 for automobile insurance.
A monthly premium of $150 for health insurance.
An annual premium of $350 for life insurance.
To find:
The monthly expense.
Explanation:
According to the problem,
The amount paid for automobile insurance per year will be,
[tex]650\times2=1300[/tex]The amount paid for health insurance per year will be,
[tex]150\times12=1800[/tex]The amount paid for life insurance per year will be,
[tex]350\times1=350[/tex]The total expenses in a year are,
[tex]1300+1800+350=3450[/tex]So, the monthly expense is,
[tex]\frac{3450}{12}=\text{ \$}287.50[/tex]Therefore, the monthly expense is $287.50.
Final answer:
The monthly expense is $287.50.
