Respuesta :
Based on the information given Kurtis new annual premium is d. $793.80.
Using this formula
New annual premium=(Increase in premium percentage)ĂAnnual premium
Where:
Increase in premium percentage=(1+.35)=1.35
Annual premium=$588
Let plug in the formula
New annual premium=(1+.35)Ă$588
New annual premium=1.35Ă$588
New annual premium=$793.80
Inconclusion Kurtis new annual premium is d. $793.80.
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Answer:
D: $793.80
Explanation:
Kurtis had purchased a renters insurance policy for his new apartment at an annual premium of $588.00. Â The items covered in the policy included a bicycle kept locked to the railing in front of the apartment. Â When the bicycle was stolen, the insurance company covered the replacement cost of the bicycle, but told Kurtis that, because of the loss, his premium would increase by 35% if he wished to continue with the policy. Â What would Kurtisâ new annual premium be if he chose to keep the policy.
a.$36.75
b.$66.15
c.$441.00
d.$793.80