camila has renters insurance that covers $20,000 of personal property with a premium of $15 per month and a…

camila has renters insurance that covers $20,000 of personal property with a premium of $15 per month and a $500 deductible. assuming there are no claims, what is the annual cost of her insurance policy? $180 $40 $1,333 $680

camila has renters insurance that covers $20,000 of personal property with a premium of $15 per month and a $500 deductible. assuming there are no claims, what is the annual cost of her insurance policy? $180 $40 $1,333 $680

Answer

Explanation:

Step1: Identify monthly premium

The monthly premium is $15.

Step2: Calculate annual premium

Multiply monthly premium by 12 months. So, $15\times12 = 180$.

Answer:

$180