Ophira's insurance company has notified her that her premiums will increase due to a poor insurance score and a recent claim she filed. The recent claim has increased her premiums by 41%, and her poor insurance score will cost her an additional $25 per month. Ophira currently pays $815 per year for insurance. How much will she pay next year?
$1449.00
$1149.15
$1672.15
$1449.15
I did 1.41(815) + 25*12= $1449.15
first I did 1.41*815= 1149.15
then I did 25*12= 300
then I did 1149.15+300= $1449.15
but 1.41(815) + 25*12 does
The $25 hit is monthly.
My answer of
1.41(815) + 25 = ....
does not show up in the answer choices
ahhh, careful reading of the question is important
To determine how much Ophira will pay next year, we need to calculate the total increase in premiums.
First, let's calculate the increase in premiums due to the recent claim. The claim has increased her premiums by 41%.
To find the increase, we multiply the current premiums by 41%:
Increase due to claim = $815 * 0.41 = $334.15
Next, we need to calculate the increase in premiums due to her poor insurance score. Her score will cost her an additional $25 per month, so we'll multiply that by 12 to get the annual increase:
Increase due to poor insurance score = $25 * 12 = $300
Now, let's add both increases together to get the total increase in premiums:
Total increase in premiums = Increase due to claim + Increase due to poor insurance score
= $334.15 + $300
= $634.15
Finally, we need to calculate the total premium for next year by adding the current premium to the total increase:
Total premium for next year = Current premium + Total increase in premiums
= $815 + $634.15
= $1449.15
Therefore, Ophira will pay $1449.15 next year for insurance.