Question

Rachel just purchased a homeowners insurance policy for her new home that costs $0.43 per $100. Her home is worth $387,500. What is Rachel’s annual homeowners insurance premium? a. $1,666.25 b. $2,208.75 c. $8,802.33 d. $9,011.63 Please select the best answer from the choices provided

Answer 1

Answer:

The answer is A.

Do you need an explanation?

387,500 /100 = 3,875

3,875 * 0.43 = 1,666.25

I multiplied, because, if you divide with a decimal, the number increases, instead of decreasing... hope this helps!