Ask Question
BusinessBusiness
2 November, 20:40

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

+2
Answers (2)
  1. 2 November, 20:58
    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.
  2. 2 November, 21:07
    0
    d. $0.38 per $100 of value
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “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 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
What happens when someone orders a second dessert when he or she is already full from the first dessert?
Answers (1)
Ben schumpert decides his company will start exporting and he wants to start at the most basic level. what action should ben take to meet his objectives?
Answers (1)
Sauder Corporation reports the following information: Net income $380,000 Depreciation expense 70,000 Increase in accounts receivable 30,000 Sauder should report cash provided by operating activities of A. $340,000. B. $280,000. C. $420,000. D.
Answers (2)
A contractor figured a job at $62,577.85. If he has already spent $21,455.19 for materials and $18,913.57 on labor, how much money is left in the budget for this job?
Answers (1)
An ATM with a service fee of $2 is used by a person 100 times in a year. What would be the future value in 10 years (use a 3 percent rate) of the annual amount paid in ATM fees?
Answers (1)
New Questions in Business
The utility of a product or service is its: a. want-satisfying power. b. function as a commodity. c. re-usability. d. design quality.
Answers (1)
The local utility company dug up Frank's garden to install a natural gas line. The company claimed it had valid easement and proved it through the county records. Frank claimed the easement was not valid because he did not know about it.
Answers (1)
Wheels and More needs to maintain 8 percent of its sales in net working capital. The firm is considering a 5-year project which will increase sales from their current level of $110,000 to $146,000, $152,000, $158,000, $164,000, and $155,000 for
Answers (1)
Which of the following accurately explain the impact of an unexpected shift to a more expansionary monetary policy under rational and adaptive expectations? Check all that apply. a.
Answers (1)
What are the three primary questions to ask when conducting a preliminary inquiry?
Answers (1)
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.
Sign Up Forgot Password?