Answered

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A home cost $350,000. Insurance covers $150,000. What percent of the total value does this represent?

Sagot :

Marver1ck

Answer:

42.86%

Step-by-step explanation:

Given:

Insurance coverage amount: $150,000

Total value of the home: $350,000

What percent of the total value does this represent?

Percentage coverage = (Insurance coverage amount / Total value of the home) · 100

We take

(150,000 ÷ 350,000) · 100 ≈ 42.86%

So, the insurance coverage represents approximately 42.86% of the total value of the home.

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