Question

Marie has renters insurance that she must pay twice a year. If each payment is $96, how much money should she set aside each month to cover her renters insurance? A. $48
B. $16
C. $32
D. $8

Answer 1

B you would add $96+$96 and divide by 12 to get $16 each month

Answer 2

Since there is two payments, 96x2=192. There are 12 months in a year, so 192/12= 16. Therefore she should set aside $16 per month.