Cindy's apartment complex is offering renters insurance through their insurance company. the insurance company charges an annual premium of $565.00 which can be paid in equal payments throughout the year with her monthly rent. cindy's monthly rent is currently $789.00. what will cindy's new rent be if she includes the renters insurance? a. $47.08 b. $630.75 c. $836.08 d. $1,354.00

Question

14-04-2022
Mathematics

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Cindy's apartment complex is offering renters insurance through their insurance company. the insurance company charges an annual premium of $565.00 which can be paid in equal payments throughout the year with her monthly rent. cindy's monthly rent is currently $789.00. what will cindy's new rent be if she includes the renters insurance? a. $47.08 b. $630.75 c. $836.08 d. $1,354.00

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swapnalimalwadeVT swapnalimalwadeVT · Answer 1 · 2022-04-22T10:49:23+02:00

Cindy's new rent when she includes the renter's insurance will be C. $836.08.

What is renters insurance?

As an insurance policy, renters insurance offers the policyholder insurance coverage over personal belongings, liabilities, and living expenses.

Data and Calculations

Annual insurance premium = $565.00

Monthly insurance premium = $47.08 ($565/12)

Current monthly rent = $789.00

Cindy's new rent with the renters insurance included = $836.08 ($789.00 + $47.08).

Thus, Cindy's new rent when she includes the renter's insurance will be C. $836.08.

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