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What is the average monthly water payment?

Monthly Expenditures:
\begin{tabular}{|l|r|r|r|}
\hline & \multicolumn{1}{|c|}{ May } & \multicolumn{1}{c|}{ June } & \multicolumn{1}{c|}{ July } \\
\hline Water & [tex]$\$[/tex] 20.00[tex]$ & $[/tex]\[tex]$ 38.00$[/tex] & [tex]$\$[/tex] 27.00[tex]$ \\
\hline Mortgage & $[/tex]\[tex]$ 900.00$[/tex] & [tex]$\$[/tex] 900.00[tex]$ & $[/tex]\[tex]$ 900.00$[/tex] \\
\hline Electricity & [tex]$\$[/tex] 60.00[tex]$ & $[/tex]\[tex]$ 220.00$[/tex] & [tex]$\$[/tex] 120.00[tex]$ \\
\hline Car Loan & $[/tex]\[tex]$ 250.00$[/tex] & [tex]$\$[/tex] 250.00[tex]$ & $[/tex]\[tex]$ 250.00$[/tex] \\
\hline
\end{tabular}

Round to the nearest cent.

Sagot :

GinnyAnswer
To determine the average monthly water payment over the period of three months, follow these steps:

1. List the water expenses for each month:
- May: \[tex]$20.00 - June: \$[/tex]38.00
- July: \[tex]$27.00 2. Calculate the total water expenditure over the three months: \[ \text{Total water expenditure} = 20.00 + 38.00 + 27.00 = 85.00 \] 3. Calculate the average monthly water payment: \[ \text{Average monthly water payment} = \frac{\text{Total water expenditure}}{3} = \frac{85.00}{3} \approx 28.333333333333332 \] 4. Round this result to the nearest cent: \[ \text{Average monthly water payment (rounded)} = 28.33 \] Thus, the average monthly water payment is \( \$[/tex]28.33 \), rounded to the nearest cent.
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