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Svetach [21]
3 years ago
10

Sue purchased a $30,000 life insurance policy at the price of $24 for each $1000 of coverage. If she pays the premium in 12 mont

hly installments, how much is each installment?
Mathematics
1 answer:
Inessa [10]3 years ago
3 0

Cost of life insurance is $30000 at a price of for each $24 for each $1000 of coverage.

Cost = \frac{24}{1000}\times30000

= $720

Premium is paid each month then it becomes \frac{720}{12}=60

=$60

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