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Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

Harrison's Bookstore has an inventory with an estimated value of $500,000. They wish to insure it with a policy covering 70% of its value. If the insurance company charges $.50 per $100, what annual premium will Harrison's pay for its coverage?
Plain-text mathematical notation (without MathML)
Harrison's Bookstore has an inventory with an estimated value of $500,000. They wish to insure it with a policy covering 70% of its value. If the insurance company charges $.50 per $100, what annual premium will Harrison's pay for its coverage?
Original LaTeX notation
Harrison's Bookstore has an inventory with an estimated value of $500,000. They wish to insure it with a policy covering 70% of its value. If the insurance company charges $.50 per $100, what annual premium will Harrison's pay for its coverage?

category

business

options

  1. $2,500
  2. $1,600
  3. $1,750
  4. $2,000
  5. $1,950
  6. $1,250
  7. $2,250
  8. $1,350
  9. $2,100
  10. $1,500

src

stemez-Business

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