Question

Determine what Paul will have to pay on an annual bases for his $449,000 home if his insurance company is charging him $0.41 per $100 of value in his home. a. $153.41 b. $220.76 c. $1,840.90 d. $2,649.10

Answer 1

Charge of insurance company is given as $0.41 per $100.

Now, 0.41 divided by 100 will give us charge per dollar:

$\frac{0.41}{100}=0.0041$

So, for $449,000, Paul has to pay $449,000*0.0041=1840.9$ dollars.

Answer choice C is correct.

ANSWER: C

Answer 2

Answer:

c. $1840.90

Step-by-step explanation:

We have been given that Paul's insurance company is charging him $0.41 per $100 of value in his home.

First of all, we will divide the value of Paul's home by 100.

$\frac\ 449,000}{\ 100}=4,490$

Now we will multiply 4,490 by $0.41 to find the amount charged by insurance company.

$\text{Paul will have to pay on annual bases}=4,490\times \ 0.41$

$\text{Paul will have to pay on annual bases}=\ 1840.90$

Therefore, Paul will have to pay an amount of $1840.90 on annual bases for his home and option c is the correct choice.