Question

If auto insurance cost $8.00 per $1,000 of coverage what is the cost to insure a car valued at 15,400?

Answer 1

If you would like to know what is the cost to insure a car valued at 15400, you can calculate this using the following steps:

$8 ... $1000
$x = ? ... $15400

8 * 15400 = 1000 * x    /1000
x = 8 * 15400 / 1000
x = $123.2

The correct result would be $123.2.

Answer 2

$\frac{8}{1000} = \frac{x}{15400}\\\\x= \frac{8\times15400}{1000}=\\\\x= 123.2\\\\{\boxed{x=123.2}$

ANSWER: x = $123.2