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Elora insured her hardware store with a fire insurance policy for $88,000 at a cost of $0.84 per ...

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Elora insured her hardware store with a fire insurance policy for $88,000 at a cost of $0.84 per ...

Elora insured her hardware store with a fire insurance policy for $88,000 at a cost of $0.84 per $100. Ten months later, her insurance company canceled the policy as a result of failure to correct a fire hazard. The cost of the policy to Elora was:

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$739.20

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$793.20

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$591.36

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$616.00

▸

None of the answer choices are correct.

Textbook

Math for Business and Finance: an Algebraic Approach

Edition: 3^rd

Author: Slater

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