Question

8. Travis rents an apartment in a historic, all-brick building downtown. The value of the belongings in the apartment is about $11,000. If Travis wishes to insure his belongings while renting, how much will he have to pay for insurance per year? Use the table above to solve.

Answer 1

The total amount he will have to pay for insurance per year is $4290

How much will he have to pay for insurance per year

From the question, we have the following parameters that can be used in our computation:

The table of values

Also, we have

Apartment value = $11,000

We also know that

The apartment in a historic, all-brick building downtown

From the table, the percentage to pay for apartments in this category is

Percentage = 0.39 i.e. 39%

So, we have

Insurance = 39% * $11,000

Evaluate

Insurance = $4290

Hence, he will have to pay $4290 for insurance per year

Answer 2

In the table they show that the premiun has a cost of 100 dollars per year in any plan, so the answer is 100