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alina1380 [7]
3 years ago
11

Mary Rose pays her auto insurance premiums quarterly. Her annual premium last year was $1,640.00. When she increased her deducti

bles in the middle of the year, her quarterly premium was reduced by $45.00. What was her quarterly premium for each of the last two quarters of last year?
History
2 answers:
kaheart [24]3 years ago
5 0

Answer:

$387.50

Explanation:

IceJOKER [234]3 years ago
3 0

Answer:

Mary Rose

Her quarterly premium for each of the last two quarters of last year is:

Quarter 3 = $365 and

Quarter 4 = $365.

Explanation:

a) Data and Calculations:

Annual premium last year = $1,640.00

Quarterly premium will be = $410 ($1,640/4)

Reduction in quarterly premium from the middle of the year = $45.00

Quarterly premium for each of the last two quarters of last year will be =

$365 ($410 - $45).

b) Quarterly premium is equal to annual premium divided by 4 (since there are four quarters in a year).  The reduction in quarterly premium only affected the last two quarters.  As a result, the quarterly premium for quarters three and four will be reduced to $365 ($410 - $45).

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