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brianamarialove15
18.11.2019 •
Mathematics
Darrell frazier owns a home that has a replacement value of $87,500. he purchased a homeowner’s policy for 80 percent of the house’s replacement value. the home is of brick construction and is rated in fire protection class 3. using the table below, what is his annual insurance premium?
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Ответ:
According to the table, the type of construction and the fire protection class, Darrell will pay US$ 213 for the annual insurance premium.
Step-by-step explanation:
1. Let's check and use the information given to solve the question:
Replacement value of Darrell's home = US$ 87,500
Value of the homeowner's policy = 80% of Darrell's house
Type of Darrell's home construction = Brick
Fire protection class = 3
2. Let's find the exact amount of the insurance coverage:
Amount of insurance coverage = 80% of Darrell's house
Amount of insurance coverage = 80% * 87,500
Amount of insurance coverage = 0.8 * 87,500
Amount of insurance coverage = 70,000
The amount of insurance coverage is US$ 70,000
According to the table, the type of construction and the fire protection class, Darrell will pay US$ 213 for the annual premium.
Same answer for question 13882475
Ответ:
no
Step-by-step explanation: