The premium for the insured value is $75. Option D is correct.
Given that,
A building was insured for $7,500. The insurance cost $.25 per $100.
To determine the amount of premium.
What is the Ratio?
The ratio can be defined as the comparison of the fraction of one quantity towards others. e.g.- water in milk.
What is simplification?
The process in mathematics to operate and interpret the function to make the function simple or more understandable is called simplifying and the process is called simplification.
In the question, the premium amount for the insured amount of $7500.
And insurance cost $0.25 per $100 is given. So, in order to find out the premium divide the whole amount by 100 in order to get a premium.
premium = $7500 / $100
= $75
Thus, the premium for the insured value is $75. Option D is correct.
Learn more about Ratio here:
brainly.com/question/13419413
#SPJ5
