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creativ13 [48]
3 years ago
5

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
Business
2 answers:
Kruka [31]3 years ago
8 0

Answer:

<u><em>The answer is</em></u>: <u>B. $ 980.</u>

<u />

Explanation:

<u>Jay Miller assured his pizzeria for a total of $ 200,000 that would be $ 100 of $ 0.49 annually</u>,

We divide the $ 200,000 by the $ 100 annually and he gives us: $ 2000,

which multiplied by $ 0.49 is equal to: 2000 x 0 , 49 = $ 980.

<u><em>The answer is</em></u>: <u>B. $ 980.</u>

emmainna [20.7K]3 years ago
5 0
First, we need to determine how much per month Jay was spending:


200,000 / 100 = 2000

(2000)(.49)= 980$ a month


Then, mutiply by the 10 months:

9800$ dollars
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