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What would it cost an insurance company to replace a family's personal property that originally cost $25,000? The replacement costs
for the items have increased 15 percent.

Respuesta :

Answer:

the replacement cost is $28,750

Explanation:

The computation of the replacement cost is shown below:

= Cost of the personal property × (1 + increased percentage)

= $25,000 × (1 + 0.15)

= $25,000 × 1.15

= $28,750

Hence, the replacement cost is $28,750

We simply applied the above formula so that the correct value of the replacement cost could come

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