Question

(Mathematics) Please Help (SOS) House Insurance 50 per 4100 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:

Insurance cost :

Housing insurance - - - 50c per $100

Content insurance - - - 25c per $100

House valuation = $50,000

50c = $0.5

Therefore insurance cost on House:

Valuation × insurance cost

($50,000 / $100) * $0.5

$500 × $0.5 = $250

25c = $0.25

Insurance cost on content :

($10,000 / $100) × $0.25

$100 × $0.25 = $25

Total insurance cost :

$250 + $25 = $275