Q:

Dave and Ellen are newly married and living in their first house. The yearly premium on their homeowner's insurance policy is $450 for the coverage they need. Their insurance company offers a discount of 6 percent if they install dead-bolt locks on all exterior doors. The couple can also receive a discount of 2 percent if they install smoke detectors on each floor. They have contacted a locksmith who will provide and install dead-bolt locks on the two exterior doors for $50 each. At the local hardware store, smoke detectors cost $7 each, and the new house has two floors. Dave and Ellen can install them themselves. a. What discount will Dave and Ellen receive if they install the dead-bolt locks? Annual discount for deadbolts b. What discount will Dave and Ellen receive if they install smoke detectors? Annual discount for smoke detectors

Accepted Solution

A:
Answer:a. $27b. $9Step-by-step explanation:The yearly premium on their homeowner's insurance policy is $450 for the coverage they need. Their insurance company offers a discount of 6 percent if they install dead-bolt locks on all exterior doors.The couple can also receive a discount of 2 percent if they install smoke detectors on each floor.a. What discount will Dave and Ellen receive if they install the dead-bolt locks? [tex]0.06\times450=27[/tex] dollarsb. What discount will Dave and Ellen receive if they install smoke detectors?[tex]0.02\times450=9[/tex] dollars