Question

(Mathematics Question)

House Insurance 50 per $100
Contents Insurance 25 per $100

The above shows the rates charged by an insurance company. How much will a person pay for his insurance, if his house is valued at $50,000, and the content at $10,000?
(A) $225
(B) $275
(C) $450
(D) $500

Answer 1

Answer: B.) $275

Explanation:

Rates charged by insurance company :

House Insurance 50 per $100

Contents Insurance 25 per $100

Value of House = $50,000

Insurance Fee:

$50,000 / $100 = 500

500, 50 cent payment,

50 cent × 500 = 25000 cent

Value of content = $10,000

Insurance Fee:

$10,000 / $100 = 100

100, 25 cent payment

25 cent × 100 = 2500 cent

Total insurance fee:

(25000 + 2500) cent

= 27500 cent

27,500 cent / 100

= $275