What is the average monthly electricity payment?
| | February | March | April |
| :---------- | :------- | :------- | :------- |
| Water | $33.00 | $38.00 | $37.00 |
| Mortgage | $840.00 | $840.00 | $840.00 |
| Electricity | $35.00 | $42.00 | $32.00 |
| Car Loan | $445.00 | $445.00 | $445.00 |
Answer (2)
Add the electricity payments for February, March, and April: 35 + 42 + 32 = 109 .
Divide the sum by the number of months (3) to find the average: 3 109 = 36.3333... .
Round the result to two decimal places.
The average monthly electricity payment is 36.33 .
Explanation
Understanding the Problem We are given a table of monthly expenditures for February, March, and April. We need to find the average monthly electricity payment for these three months.
Finding the Average The electricity payments for February, March, and April are $35.00 , $42.00 , and $32.00 respectively. To find the average, we add these amounts and divide by the number of months, which is 3.
Calculating the Average The sum of the electricity payments is: 35.00 + 42.00 + 32.00 = 109.00 To find the average, we divide the sum by 3: 3 109.00 = 36.3333... Rounding to two decimal places, the average monthly electricity payment is $36.33 .
Final Answer Therefore, the average monthly electricity payment is $36.33 .
Examples
Understanding averages is useful in many real-life situations. For example, if you want to budget your monthly expenses, calculating the average cost of utilities like electricity can help you plan your finances effectively. By knowing your average spending, you can identify months where you spend more or less than usual and adjust your budget accordingly. This helps in making informed financial decisions and managing your money better.
The average monthly electricity payment for February, March, and April is calculated by adding the payments and dividing by the number of months. The total payments are $109.00, which when divided by 3 gives an average of $36.33. Thus, the average monthly electricity payment is $36.33.
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