In order to see the probaability of this we need to do an easy calculation here:
If X<span> is the price for the policy, then we proceed like this:
</span>0.982x = 0.0275*<span>31,000
</span><span>
x = 0.0275*</span><span>31,000</span><span>/0.982
Minimum ammount he can expect to pay = $868.12 </span>
Answer:
33.65
Step-by-step explanation:
4/5 of 55= 44 That’s the answer
SI = PRT /100
1. SI = 400*5*1/100
= 2000/100
= $ 20
2. SI = 1000*8.5*3/100
= 25.5*1000/100
= $ 255
3. SI = 200*9*1/2*100
= 900/100
= $9
4. SI = 20000*12*3/100
= 200*12*3
= 7200
5. SI = 1200*4.5*6/12*100
= 4.5*6
= $27
Amount to pay = Principal + SI
= 1200+27
= $1227 ( But this answer isn't there in the options )
Sorry i tried to figure it out but i could not seem to get the answer. :(