The formula to calculate the average monthly electricity bill is:
\[ \text{AEB} = \frac{\text{AEU} \times \text{ACE}}{12} \]
Where:
The average monthly electricity bill is calculated by dividing the total yearly bill by 12.
Let's assume the following values:
Using the formula:
\[ \text{AEB} = \frac{12000 \times 0.15}{12} = 150 \]
The average monthly electricity bill is $150.
Let's assume the following values:
Using the formula:
\[ \text{AEB} = \frac{8000 \times 0.20}{12} = 133.3333 \]
The average monthly electricity bill is $133.3333.