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30 May, 09:00

Cesar's annual homeowners insurance premium is $972.80. If his home is valued at $253,000, roughly how much is Cesar paying for homeowners insurance? a. $0.13 per $100 of value b. $0.19 per $100 of value c. $0.26 per $100 of value d. $0.38 per $100 of value

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  1. 30 May, 11:07
    0
    d. $0.38 per $100 of value
  2. 30 May, 11:30
    0
    Since all the choices are in $100 breakdown already, we divide the $253,000 by $100 and this will give us 2530 units. Then, we divide the insurance premium by the number of parts so that each $100 value is costs:

    (972.00) / 253,000 = x / 100

    x from the equation 0.384

    Thus, Cesar is paying approximately $0.38/$100 of value, letter D.
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Home » Business » Cesar's annual homeowners insurance premium is $972.80. If his home is valued at $253,000, roughly how much is Cesar paying for homeowners insurance? a. $0.13 per $100 of value b. $0.19 per $100 of value c. $0.26 per $100 of value d. $0.
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