Answer to Question #244073 in Financial Math for Chewy

Question

Ruth Fanelli has decided to drop her collision insurance because her car is getting old. Her total annual premium is $916, of which $170.60 covers collision insurance.

Answer 1

Assume the question is asking:

What will her annual premium be after she drops the collision insurance?

Solution:

Ruth has decided to drop her collision insurance because the car is getting old. The total annual premium is $ 916, of which $170.60 covers collision insurance. Therefore, annual premium of Ruth after dropping collision insurance is,

$ 916-$ 170.60=$ 745.40

Therefore, annual premium of Ruth after dropping collision insurance is $ 745.40.