Question

Ellen had been renting for nine months when there was a flood. The total cost to replace her damaged belongings was $1,225.00. What percent would Ellen have saved if she had a renters' insurance policy at a monthly cost of $21.00? Round to the nearest tenth.

Answer 1

Answer: 15.4%

Step-by-step explanation:

Assuming ellen would have started her insurance at the begining of the renting period, we can multiply 21 by the months she lived there. Then to find the percentage "saved" we can simply divide the amount lost originally by 100.