Ask Question
8 March, 15:17

In Area A, the insurance coverage rate for a wood frame house is 0.46%. In Area B, the insurance coverage rate for a wood frame house is 0.54%. What is the annual homeowner's insurance payment for a$65,900 wood frame house in Area B?

a. $355.86

b. $350.86

c. $345.87

d. None of the above

+5
Answers (1)
  1. 8 March, 18:14
    0
    To solve for the homeowner's insurance payment for house built in Area B, we simply multiply the cost of the house with the insurance coverage rate in its decimal equivalent. From the given problem,

    annual insurance payment = ($65,900) (0.0054)

    = $355.86

    Thus, the answer is letter A.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “In Area A, the insurance coverage rate for a wood frame house is 0.46%. In Area B, the insurance coverage rate for a wood frame house is ...” 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