Sarah pays $48.00 each month to keep her house insured. If her house is valued at $223,050, about how much is Sarah paying per $100 in homeowners insurance annually?
Accepted Solution
A:
Answer:Sarah is paying $0.258Step-by-step explanation:Given is :Sarah is paying $48 each month, so she will be paying [tex]48\times12=576[/tex] in a year.Let Sarah be paying 'x' per $100 in homeowners insurance annually.Now, Sarah is paying for $223050 an amount of = 576Now we will find the value of xx = [tex]\frac{576*100}{223050}[/tex]x =[tex]\frac{384}{1487}[/tex]x = 0.258Therefore, Sarah will be paying $0.258 per $100 in homeowners insurance annually.