Question

An older restaurant in the city has a fire insurance policy for $250,000. What is the cost if the rate used to calculate the premium is $.519 per $100?​

Answer 1

Answer:

1,297.5

Step-by-step explanation:

Find how many $100 you have in $250,000

250,000 ÷ 100 = 2,500

So you have 2,500 $100 in $250,000.

0.519 x 2,500 = 1,297.5

$1,297.50

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