Answer:
$431.67
Step-by-step explanation:
Let
The one time $50 rebate be for the first month
Cost of insurance per month = x
First month cost of insurance = x-50
Total cost of insurance = $2,540
Total cost of insurance = 1st + 2nd + 3rd + 4th + 5th + 6th
2,540 = x-50 + x + x + x + x + x
2540 + 50 = 6x
2590 = 6x
Divide both sides by 6
x= 2,590 / 6
= 431.67
x= $431,67
The cost of the insurance per month = $431.67
Check:
$431.67 * 6 months
=$2,590.02
Minus one time rebate of $50
= $2,590.02 - $50
= $2,540.02
Approximately
$2,540
