Answer:
2/10
20/40
15/35
Step-by-step explanation:
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
4(3+5) --> this means that 12/4=3 and 20/4=5 and 4 is the GCF
100
6738 —> 7000
5903 —> 6000
7000 - 6000 = 1000