Question 3 of 15 , Step 1 of 1
1/15
Correct
2
After purchasing a car, Eleanor adjusts her budget to cover most car-related expenses that may occur. The monthly payment for her loan is $\$ 286.72$, the cost of car insurance for 6 months is $\$ 668.73$, the estimated fuel cost per month is $\$ 205$, and she wants to set aside $\$ 800$ per year for repairs and other maintenance. How much should Eleanor budget per month for car expenses? Round your answer to the nearest cent.
Answer
Keyboard Shortcuts
Submit Answer

Step 1 ：The monthly loan payment is already given as $286.72.

Step 2 ：The cost of car insurance is given for 6 months, so we need to divide this by 6 to get the monthly cost. \(\frac{668.73}{6} = 111.455\)

Step 3 ：The estimated fuel cost per month is given as $205.

Step 4 ：The cost for repairs and maintenance is given per year, so we need to divide this by 12 to get the monthly cost. \(\frac{800}{12} = 66.67\)

Step 5 ：After calculating these individual costs, we can add them together to get the total monthly budget for car expenses. \(286.72 + 111.455 + 205 + 66.67 = 669.845\)

Step 6 ：Final Answer: Eleanor should budget approximately \(\boxed{669.84}\) per month for car expenses.