what is the average monthly electricity payment?\nmonthly expenditures\n| | may | june | july…

what is the average monthly electricity payment?\nmonthly expenditures\n| | may | june | july |\n|--|--|--|--| \n| water | $31.00 | $26.00 | $22.00 |\n| car loan | $290.00 | $290.00 | $290.00 |\n| electricity | $22.00 | $28.00 | $27.00 |\n| mortgage | $2500.00 | $2500.00 | $2500.00 |\nround to the nearest cent.

what is the average monthly electricity payment?\nmonthly expenditures\n| | may | june | july |\n|--|--|--|--| \n| water | $31.00 | $26.00 | $22.00 |\n| car loan | $290.00 | $290.00 | $290.00 |\n| electricity | $22.00 | $28.00 | $27.00 |\n| mortgage | $2500.00 | $2500.00 | $2500.00 |\nround to the nearest cent.

Answer

Explanation:

Step1: Identify electricity payments

The electricity payments for May, June, and July are $22.00, $28.00, and $27.00 respectively.

Step2: Calculate the sum

$22 + 28+27=77$

Step3: Calculate the average

The number of months is 3. The average is $\frac{77}{3}\approx 25.67$

Answer:

$25.67$