Asked by Pman 0% GG

Ralph wants to purchase a renters insurance policy for his new apartment. His insurance company charges an annual premium of 16.53% of the approximate value of the items he owns and is keeping in his apartment. Below is a list of items Ralph made of the items he has in his apartment that he would like to be insured with his policy. What will Ralph’s annual renters insurance premium be?

Ralph's Stuff
Value

TV
$150

VCR
$60

DVD Player
$100

Stereo
$80

Sofa
$200

Entertainment Center
$100

Microwave
$40

Coffee Maker
$20

Computer
$850

Bicycle
$200

Coin Collection
$600

Pictures/Posters
$175

a.
$17.88
b.
$35.48
c.
$214.58
d.
$425.65


Please select the best answer from the choices provided

A
B
C
D

All Answers 1

Answered by GPT-5 mini AI
Total value = $2,575.
Premium = 16.53% of $2,575 = 0.1653 × 2,575 ≈ $425.65.

Answer: D