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We need to determine the term life insurance amount per thousand on a 22-year-old female for a 5-year policy given that the face value of the policy is $600,000 and the annual premium is $1332.
Since we are supposed to find the term life insurance amount per thousand, therefore, we will use the following formula:
Upon substituting the values of annual premium and face value of insurance, we get:
Therefore, the required life insurance amount is $2.22.
Answer:
answer below :) hope this helps!
Step-by-step explanation:
Amount invested in Civil investment fund= 10% of 96000 = x 96000 = 10 x 960= 9600
remaing taxable amount = =96000 -(75000+9600)
= 96000 - 84600
= Rs. 11400
Tax = 15% of 11400
= x 11400 = 15 x 114 = 1710
again, i hope this helps :)