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What would it cost an insurance company to replace a family's personal property that originally cost $42,000

User Tazz
by
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1 Answer

9 votes

Answer: $‭48,300‬

Step-by-step explanation:

The last part of the question is:

The replacement costs for the items have increased 15 percent.

The Insurance company will have to replace the total value of the family's property including whatever replacement costs that may have arisen.

Total cost = 42,000 * ( 1 + 15%)

= $‭48,300‬

User GeorgS
by
5.2k points