(Mathematics) Please Help (SOS) House Insurance 50 per 4100 Contents Insurance 25 per $100 The above shows the rates charged by an insurance company. How much will a person pay for his insurance, if his house is valued at $50,000, and the content at $10,000? a) $225 b)$275 c)$450 d)$500
1 answer:
Answer: B.) $275
Step-by-step explanation:
Insurance cost :
Housing insurance - - - 50c per $100
Content insurance - - - 25c per $100
House valuation = $50,000
50c = $0.5
Therefore insurance cost on House:
Valuation × insurance cost
($50,000 / $100) * $0.5
$500 × $0.5 = $250
25c = $0.25
Insurance cost on content :
($10,000 / $100) × $0.25
$100 × $0.25 = $25
Total insurance cost :
$250 + $25 = $275
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