Question

if Andy's home is worth 260,000, what is his coverage for personal property if insurance covers 50 percent?

Answer 1

`(50*260000)/(100)=130000`

Answer 2

Amount covered by insurance = 130000

Explanation:

Cost of Andy's home = 260000

Percentage covered by insurance = 50%

Amount covered by insurance = 50% of Cost of Andy's home

= 50% of 260000

= 0.50 * 260000 [50% written as a decimal is 0.50]

= 130000