Melissa's home is insured for 90% of its replacement value of $94000. Use the chart to determine the amount of coverage for her personal property.

Coverage. Percent of coverage
Garage. 15%
Loss of use. 30%
Personal property. 60%

Question

Melissa's home is insured for 90% of its replacement value of $94000. Use the chart to determine the amount of coverage for her personal property.

Coverage.              Percent of coverage
Garage.                      15%
Loss of use.               30%
Personal property.       60%

jingle535 · Answer

To start what do you think the question is asking you to do?

the-simple-diamond · Answer

90% of 94000 is 846000

the-simple-diamond · Answer

Amount of coverage= amount of coverage on home x percent covered

the-simple-diamond · Answer

So i took 84600 x 15%=12690
 84600 x 30%=25380
And 84600 x 60%= 50760

jingle535 · Answer

The question seems to be asking just about the 60%, personal property. So I think that you probably have your answer :)

jingle535 · Answer

The $50760 for personal property.

the-simple-diamond · Answer

$50760.00 it is then

Thanks

the-simple-diamond · Answer

So i took 84600 x 15%=12690
 84600 x 30%=25380
And 84600 x 60%= 50760

the-simple-diamond · Answer

Amount of coverage= amount of coverage on home x percent covered

the-simple-diamond · Answer

90% of 94000 is 846000