John Johnson is forty-seven. He is purchasing twenty-year endowment insurance, with a face value of $20,000. What is his annual
premium? 751.00 772.00 933.00 939.80
1 answer:
The answer is Letter D - 939.80.
You can refer to the attachment for the rate. Since he is forty-seven years old, use that age to find his rate under a twenty-year endowment insurance. In this case, the rate is 46.99. Multiply that rate to 20 since he purchased a 20-year endowment insurance with a face value of $20,000. (20,000/1,000 = 20)
46.99 x 20 = 939.80
You can refer to the attachment for the rate. Since he is forty-seven years old, use that age to find his rate under a twenty-year endowment insurance. In this case, the rate is 46.99. Multiply that rate to 20 since he purchased a 20-year endowment insurance with a face value of $20,000. (20,000/1,000 = 20)
46.99 x 20 = 939.80
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= Let her age be = n+12
After four years,
Cousin's age = n+4
Her age = n+12+4=n+16
But according to the question her age = 3(n+4) = 3n+12
Thus,
3n+12=n+16
3n-n=16-12
2n=4
n=4/2
Thus ,
Her cousin's present age = n = 2
Her cousin's present age = n = 2Her present age = n+12 = 2+12=14