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Determine what Paul will have to pay on an annual bases for his $449,000 home if his insurance company is charging him $0. 41 per $100 of value in his home. A. $153. 41 b. $220. 76 c. $1,840. 90 d. $2,649. 10 Please select the best answer from the choices provided A B C D.

Sagot :

abiolataiwo2015

The amount that Paul will have to pay on an annual bases is c. $1,840. 90.

Using this formula

Annual bases payment=Home insurance amount × Insurance charges

Where:

Home insurance amount=$449,000

Insurance charge=$0.41/$100

Let plug in the formula

Annual bases payment=$449,000×$0.41/$100

Annual bases payment=$449,000×0.0041

Annual bases payment=$1,840.90

Inconclusion the amount that Paul will have to pay on an annual bases is c. $1,840. 90.

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