Mike has an insurance policy that pays 90% of the replacement cost of personal property damaged in a fire. A fire destroyed a stove that Mike paid $350 for but it was now worth only $90. A new one would cost $400. How much will Mike's insurance company pay?
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Home » Business » Mike has an insurance policy that pays 90% of the replacement cost of personal property damaged in a fire. A fire destroyed a stove that Mike paid $350 for but it was now worth only $90. A new one would cost $400.