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ludmilkaskok [199]
4 years ago
7

Jay Miller insured his pizza shop for $200,000 for fire insurance at an annual rate per $100 of $.49. At the end of 10 months, J

ay canceled the policy since his pizza shop went out of business. Using the tables in the Business Math Handbook that accompanies the course textbook, determine the refund to Jay.
A. $127.40
B. $980
C. $186.20
D. $852.60
Mathematics
1 answer:
Ray Of Light [21]4 years ago
3 0
I came up with 127.40
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Answer:

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Step-by-step explanation:

Let the amount invested by store 1 be x while store 2 be y hence

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Substituting where there’s x with 130+0.8y in equation 2 we obtain

6(130+0.8y)+5y=2250

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9.28y=2250-780=1470

Y=1470/9.8=150

X=130+0.8y= 130+0.8(150)=250

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