Sarah will be paying $0.26 in her homeowners insurance annually .
Option B is correct .
Sarah is paying $48 each month, so she will be paying in a year.
48 ×12 = 576
Let Sarah be paying 'x' per $100 in homeowners insurance annually.
Now, Sarah is paying for $223050 an amount of = 576
Now we will find the value of x
576×100 ÷ 223,050
X= 384÷1487
X = 0.258
Rounding off we will get X = 0.26.
<h3>Insurance :</h3>
A premium is the amount an individual or business pays for an insurance policy. Premiums are paid for insurance covering health insurance, auto insurance, home insurance and life insurance. A premium is the amount that an insured person pays to an insurance company on a regular basis to cover a risk. explanation:
In an insurance contract, risk is transferred from the policyholder to the insurer. To take this risk, insurance companies charge an amount called a premium.
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