The total amount due on the electricity bill is $55.64.
Here given that the last month's electricity consumption is 354 kWh
According to my contract with the electricity company, I agree to pay 11.3 cents per kWh.
So for 354 kWh of last month, I have to pay [tex]=11.3\times354=4000.2[/tex] cents
Now we know that 1 dollar = 100 cents
100 cents = $1
1 cent = [tex]\$\frac{1}{100}[/tex]
4000.2 cents [tex]=\$\frac{4000.2}{100}=\$40.002[/tex]
also, I have to pay a fixed charge of $15.63
So the total bill for last month will be [tex]=\$40.002+\$15.63=\$55.632\approx\$55.64[/tex]
Hence the total due amount on the electricity bill is $55.64 approximating the amount to the next two decimal place number.
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