Ask Question
17 January, 15:20

Cindy's apartment complex is offering renters insurance through their insurance company. The insurance company charges an annual premium of $565.00 which can be paid in equal payments throughout the year with her monthly rent. Cindy's monthly rent is currently $789.00. What will Cindy's new rent be if she includes the renters insurance? a. $47.08 b. $630.75 c. $836.08 d. $1,354.00

+2
Answers (1)
  1. 17 January, 16:15
    0
    The total annual premium of $565 can be paid in a way that Cindy will pay $47.0833 every month. This value should be added to Cindy's monthly rental. Thus, the total amount that Cindy should be paying,

    $789 + $47.0833 = $836.08

    Thus, the answer is letter C.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Cindy's apartment complex is offering renters insurance through their insurance company. The insurance company charges an annual premium of ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers