16. please show your work Dave and Ellen are newly married...
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16. please show your work
| Dave and Ellen are newly married and living in their first house. The yearly premium on their homeowners insurance policy is $450 for the coverage they need. Their insurance company offers a 5 percent discount if they install dead-bolt locks on all exterior doors. The couple can also receive a 2 percent discount 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 $60 each. At the local hardware store, smoke detectors cost $8 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? (Round your answer to two decimal places.) |
| Annual discount for deadbolts | $ |
| b. | What discount will Dave and Ellen receive if they install smoke detectors? |
| Annual discount for smoke detectors | $ |
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