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A home was valued at &73,500. It was insured for 80% of its value at a premium of &0.40 per $100. Find the yearly premium.

3 answers

John/Peter -- please use the same name for your posts.

73,500 * 0.8 = 58,800

0.4(58,800 / 100) = ?

235.2 right

Right. $235.20 yearly premium

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