Insurance

The house owner is insured against natural disasters and pays 0.04% annually of the value of the house 76 Eur.

Calculate the value of the house.

Calculate the probability of disaster if you know that 41% of the insurance is to pay damages.

Correct answer:

value of the house:  190000
probability of disaster:  0.016 %

Step-by-step explanation:

v=760.04100=190000 Eur
p=0.04%10041=0.016%



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