Real Estate Math
A Hawaii property is insured for $450,000 at a rate of $0.80 per $100 of value. What is the annual insurance premium?
AA. $3,600✓ Correct
BB. $4,500
CC. $4,000
DD. $3,200
Explanation
$450,000 / $100 × $0.80 = 4,500 × $0.
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