Rick Mueller insures his house for $88,500. A. Since the contents are automatically insured for 50% of

the total insurance on the house, what is the amount the contents are insured for? b. If Rick's insurance

company charges $0. 53 per $100 for the policy, what will be the annual premium?

From the information given, Rick Mueller insures his house for $88,500 and the contents are automatically insured for 50% of the total insurance on the house.

Therefore, the amount will be:

= 50% × $88500

= $44250

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Rick Mueller insures his house for $88,500. A. Since the contents are automatically insured for 50% of the total insurance on the house, what is the amount the contents are insured for? b. If Rick's insurance company charges $0. 53 per $100 for the policy, what will be the annual premium?

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Rick Mueller insures his house for $88,500. A. Since the contents are automatically insured for 50% of

the total insurance on the house, what is the amount the contents are insured for? b. If Rick's insurance

company charges $0. 53 per $100 for the policy, what will be the annual premium?