Question

Sue buys a house. Homeowner's insurance will cost $800 a year. She needs to pay 25% of this amount as her first payment. How much is her first payment? I assume $2,000

Answer 1

Given:

Cost of Homeowner's insurance = $800

Her first payment is 25% of $800.

⇒

$\text{First payment=}\frac{25}{100}\times800$$=25\times8$

$=200$

Therefore, her first payment is $200.