Ask Question
19 August, 02:35

In many cases, lenders allow homeowners to included their homeowners insurance premium with their monthly mortgage payment. Tim's home is worth $279,500. If his homeowners insurance premium is $0.33 per $100, how much is added to his monthly mortgage payment for insurance?

a. $7.69

b. $76.86

c. $92.35

d. $922.35

+1
Answers (1)
  1. 19 August, 06:19
    0
    If you would like to know how much is added to Tim's monthly mortgage payment for insurance, you can calculate this using the following steps:

    $0.33 ... $100

    $x = ? ... $279,500

    0.33 * 279,500 = 100 * x / 100

    x = 0.33 * 279,500 / 100

    x = $922.35

    The correct result would be d. $922.35.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “In many cases, lenders allow homeowners to included their homeowners insurance premium with their monthly mortgage payment. Tim's home 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