Nancy agreed to pay 40% of the cost of her daughter's car insurance, which costs $80 a month. How much will Nancy pay each year? Give me reasons, before answering the question
First calculate Nancy's monthly portion of the car insurance by multiplying the total cost by 40%: .4 * $80 = $32. Then multiply the monthly cost by 12 to find the annual cost: $32 * 12 = $384. So the final answer is 384.