Tony owns a house valued at $147,000 and household good valued at $16,000. He insures the house and contents for their full valu
e at the rate of $0.42 per $100. How much is Tony’s annual premium?
1 answer:
Answer: Tony's annual premium is $684.60
Step-by-step explanation:
147,000 + 16,000 = 163,000
163,000 / 100 = 1,630
1,630 x .42 = 684.60
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