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If 95% of the residents of Coral Estates live in private homes and 40%

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If 95% of the residents of Coral Estates live in private homes and 40% of these live in air-conditioned homes, what percent of the residents of Coral Estates live in air-conditioned homes?

(A) 3%
(B) 3.8%
(C) 30%
(D) 38%
(E) 40%

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