Question

i need help PLEASEEEEEEEEEE!:P Susan is paying $0.30 per $100 on her $483,000 home in homeowners insurance annually. If her annual homeowners insurance premium is divided into twelve equal monthly installments to be included on each of her monthly mortgage payments of $2128.00, what is her total monthly payment?
a.
$2,248.75
b.
$2,409.75
c.
$3,381.00
d.
$3,577.00

Answer 1

is this Consumer Math by any chance??

Answer 2

no

Answer 3

so it means that she is paying 0.003*$483000 annually and this amount divided by twelve will give you $120.75 per month. add this to $2128 and you get 2248.75 which is a).
i think?

Answer 4

1. $483,000 is how many $100's?
483,000/100 = 4,830
2. On each $100 she pays $0.30, $483,000 is 4,830 times $100, so she needs to pay 4,830 times $0.30.
4,830 * $0.30 = $1,449
3. $1,449 per year is how much per month?
$1449/12 = $120.75
4. She pays a $2128 mortgage payment, so add $120.75 to it:
$2128 + $120.75 = $2,248.75

Answer 5

thank you for eplaining! alot of help

Answer 6

You're welcome