The formula to calculate the monthly cost (MC) is:
\[ \text{MC} = \text{DC} \times 30.41 \]
Where:
Monthly cost is the total amount of money spent in a month based on the daily cost. This calculation helps in budgeting and financial planning by providing an estimate of monthly expenses.
Let's assume the following value:
Using the formula to calculate the monthly cost (MC):
\[ \text{MC} = \text{DC} \times 30.41 = 50 \times 30.41 = 1520.50 \text{ dollars} \]
The monthly cost (MC) is $1520.50.