Cesar’s annual homeowners insurance premium is $972.80. If his home is valued at $253,000, roughly how much is Cesar paying for homeowners insurance?

To find the cost per $100 of home value, divide the annual premium by the home’s value and multiply by 100: ($972.80 ÷ $253,000) × 100 ≈ $0.384. Rounded to the nearest cent, Cesar pays about $0.38 per $100 of value, which is choice D.

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