Multiple Choice
Bill Blum insured his hardware store with a fire insurance policy for $88,000 at a cost of $.84 per $100. Ten months later his insurance company canceled his policy as a result of failure to correct a fire hazard. The cost of the policy to Bill was:
A) $739.20
B) $793.20
C) $591.36
D) $616.00
E) None of these
Correct Answer:
Verified
Correct Answer:
Verified
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