We would owe $64 in rental amount because we rented a pressure washer from 9:40am to 3:00pm which includes optional insurance as well.
Given that we rented the washer at 9:40 am and returned it at 3:00 pm on the same day, and bought the optional insurance.
So, amount to be paid for that is $35 for first 3 hours.
Cost till 12:40 pm = $35.
Next we are left with 2 hours 20 min till we get to 3:00 pm.
For each additional hour amount to be paid = $8
20min will be counted as 1 hour, so totally 3 additional hours= 3*8 = $24
Which means we have to pay 24 dollars for additional hours
Also amount for insurance to be paid is $5
Total rental = 35+24+5 = 64
Hence we owe $64 for the rental.
Similar to homeowners insurance, renters insurance is intended for those who rent or lease homes and other properties like apartments.
Taking an inventory of your belongings and maintaining an up-to-date spreadsheet of objects are important stages in obtaining and maintaining a renters insurance policy.
Items in the residence that are lost or damaged as a result of fire, theft, vandalism, broken plumbing, or electrical issues are typically covered by renters insurance.
Therefore, We owe $64 in rental.
Learn more about rental insurance here
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