Ask Question
10 September, 06:12

Rudy has been paying an annual homeowners insurance premium of $1,106.30 ($0.37 per $100 of value) since he first purchased his house. For the past six months, Rudy has completed some major improvements to his house to improve its overall value. If Rudy successfully adds $50,000 to the value of his house, what will his new annual homeowners insurance premium be?

+1
Answers (1)
  1. 10 September, 07:10
    0
    Well first do 50,000/1,106.30 which is now $45.20 per $100 value), so the premium will be 50,000/100 which is 500 them times that by $0.37 which would now be 185 and going around again and going back to 1,106.30 and timesing that by 185, so your answer would be the premium of $204,665.50
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Rudy has been paying an annual homeowners insurance premium of $1,106.30 ($0.37 per $100 of value) since he first purchased his house. For ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers