After being involved in a car accident last month, ralph’s insurance company has increased his annual premium by $105.38. approximately what change will ralph see on his future monthly statements as a result of the change?
a.
ralph’s monthly insurance payment will not change.
b.
ralph’s monthly insurance payment will increase by $8.78.
c.
ralph’s monthly insurance payment will increase by $17.56.
d.
ralph’s monthly insurance payment will increase $105.38.

The correct option is Ralph’s monthly insurance payment will increase by $8.78

Step-by-step explanation:

We have given that Ralph’s insurance company has increased his annual premium by $105.38.

Ralph's annual premium increased by $105.38. Annual premium means yearly and since there are 12 months in a year. To find out his future monthly change we just divide the increased annual premium by 12. By doing so we get,

105.38/12 = 8.7816666666667

By rounding off upto 2 decimal places we get  $8.78

Thus the correct option is Ralph’s monthly insurance payment will increase by $8.78

unpaid balance is : $149.99-$50 = $99.99 new balance = 149.99+2.62-50 = $102.61 finance charge = 99.99- 0.21/12= $1.75 new balance = 99.99+1.75 = $101.74 average daily balance method average daily balance= 3399.70/30 = $113.32 finance charge = $ 0.21/12ă—113.32 = $1.98 new balance = $149.99-50+1.98 = $101.97

a function could be identified in 3 ways either on a chart,graph, or ordered pairs. first a function is that each point has its own. the rule is that there can be many x's to one y but there can not be 2 x's at different y's. so on a graph when you put a straight line through the y's there should be one dot only to be a function.

step-by-step explanation: