Multiplication and distributive property are your friends for this problen
Answer:
$7120 or $7565 is the minimum average premium they should charge per policy holder
Step-by-step explanation:
Small business can charge 80-85% of the total value of the policy as premium.
In this case the spending per policy holder is $8900
Hence, per policy holder has to pay a premium of
80-85% of $8900
$7120 or $7565 is the minimum average premium they should charge per policy holder
Answer:
The nearest whole yard would be 1 or 1.0 because 8 is larger than 5 so you would round up giving you 1