Reference no: EM131620257

Dave and Ellen are newly married and living in their first house. The yearly premium on their homeowner’s insurance policy is $650 for the coverage they need. Their insurance company offers a 6 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 $79 each. At the local hardware store, smoke detectors cost $11 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? Annual discount for deadbolts $ b. What discount will Dave and Ellen receive if they install smoke detectors? Annual discount for smoke detectors $