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25 May, 21:31

Dave and Ellen are newly married and living in their first house. The yearly premium on their homeowner's insurance policy is $600 for the coverage they need. Their insurance company offers a discount of 8 percent if they install dead-bolt locks on all exterior doors. The couple can also receive a discount of 5 percent if they install smoke detectors on each floor. They have contacted a locksmith, who will provide and install dead-bolt locks on the two exterior doors for $105 each. At the local hardware store, smoke detectors cost $28 each, and the new house has two floors. Dave and Ellen can install them themselves.

a. What discount will Dave and Ellen receive if they install the dead-bolt locks? b. What discount will Dave and Ellen receive if they install smoke detectors?

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  1. 25 May, 21:50
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    1. 48 dollars

    2. 30 dollars

    Explanation:

    The yearly premium on their homeowner's insurance policy is $600 for the coverage they need.

    Their insurance company offers a discount of 8 percent if they install dead-bolt locks on all exterior doors. The couple can also receive a discount of 5 percent if they install smoke detectors on each floor.

    1. What discount will Dave and Ellen receive if they install the dead-bolt locks?

    discount for deadbolts =

    Discount % x Premium

    0.08 x 600 = 48 dollars

    b. What discount will Dave and Ellen receive if they install smoke detectors?

    discount for deadbolts =

    Discount% x Premium

    0.05 x 600 = 30 dollars
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