allie and sarah decided that they want to purchase renters insurance for the apartment they share. they made a list of all of the
items to be covered by the insurance policy, along with their estimated values. if the items to be covered total more than $3000,
the insurance company charges an annual premium of 23% of the total value of the items. if the items to be covered total $3000
or less, the insurance company charges an annual premium of 20% of the total value of the items.
using the list of items allie and sarah provided, determine their monthly renters insurance premium
allie's stuff
tv ($250)
stereo ($150)
cd's ($225)
dvd's ($385)
bicycle ($400)
microwave ($30)
laptop computer ($950)
sarah's stuff
stereo ($75)
bicycle ($250)
cd's ($130)
dvd's ($300)
ipod ($80)
computer ($675)
a.
b.
$65.00
$74.75