Because of an accident Royce was involved in, his insurance company has increased his annual premium for auto insurance by 5.2%.
His original policy was set up using the premiums listed below. What is his new annual premium after the increase for the accident?
2 answers:
Answer:
Option D is correct.
Step-by-step explanation:
The current total annual premiums become :
Because of an accident Royce was involved in, his insurance company has increased his annual premium for auto insurance by 5.2%.
So, the amount increases by :
So, the new amount becomes = = $571.236 ≈$571.24
Hence, option D is correct.
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