Charge of insurance company is given as $0.41 per $100.
Now, 0.41 divided by 100 will give us charge per dollar:
[tex]\frac{0.41}{100}=0.0041[/tex]
So, for $449,000, Paul has to pay [tex]449,000*0.0041=1840.9[/tex] dollars.
Answer choice C is correct.
ANSWER: C
Answer:
c. $1840.90
Step-by-step explanation:
We have been given that Paul's insurance company is charging him $0.41 per $100 of value in his home.
First of all, we will divide the value of Paul's home by 100.
[tex]\frac\$449,000}{\$100}=4,490[/tex]
Now we will multiply 4,490 by $0.41 to find the amount charged by insurance company.
[tex]\text{Paul will have to pay on annual bases}=4,490\times \$0.41[/tex]
[tex]\text{Paul will have to pay on annual bases}=\$1840.90[/tex]
Therefore, Paul will have to pay an amount of $1840.90 on annual bases for his home and option c is the correct choice.
