All categories

2 years ago

What is the annual premium for $75,000, 10 year life insurance policy for a 40 year old male (Put answer to two decimal places)?

Mathematics

1 answer:

Anvisha [2.4K]2 years ago

5 0

Answer:

About $437.25

Step-by-step explanation:

Using the table which gives the annual premium per $1000; the premium paid annually by the 40 year old male is $437.23

The total annual premium = $75000

Using the data in the table :

Annual premium per $1000 of coverage for a 40-year old male with a 10 - years life insurance policy = $5.83

The annual premium for $75,000 ;

Premium per $1000 × ($75000/$1000)

Annual premium = $5.83 × ($75,000/1000)

Annual premium = $5.83 × 75 = $437.25

Hence, the annual premium for the lifetime insurance based on the stated conditions is $437.25

You might be interested in

Find the equation of the line with slope 3/7 and that passes through the point (14, 0). Write your answer in the form y = mx + b

Allushta [10]

Answer:

y = 3/7x - 6

General Formulas and Concepts:

Pre-Algebra

Order of Operations: BPEMDAS
Equality Properties

Algebra I

Slope-Intercept Form: y = mx + b

m - slope

b - y-intercept

Step-by-step explanation:

Step 1: Define

Slope m = 3/7

Point (14, 0)

Step 2: Find y-intercept b

Substitute: 0 = 3/7(14) + b
Multiply: 0 = 6 + b
Isolate b: -6 = b
Rewrite: b = -6

Step 3: Write linear equation

y = 3/7x - 6

7 0

3 years ago

Scientific notation can help us compare very large and

anzhelika [568]

Answer:

sorry use google have a bless day

Step-by-step explanation:

3 0

2 years ago

Select the postulate that specifies the minimum number of points in space

Tanzania [10]

Postulate1:A line contains atleast 2 points.Postulate1a:A plane contains at least 3 points not all on one line.Postulate1b:Space contains atleast four points not all on one plane

6 0

3 years ago

What is 3 quarters of 20?

Ulleksa [173]

Well, one quarter of 20 is 5 (because 20 ÷ 4 = 5). so, to find 3 quarters, we multiply 5 times 3.

5 × 3 = 15, so 3 quarters of 20 is 15.

4 0

2 years ago

Read 2 more answers

Last year, there were 148 pies baked for the bake sale. This year, there were c pies baked. Using c, write an expression for the

solniwko [45]

$\huge{\boxed{c+148}}$

We need to find the number of pies baked in years 1 and 2.

There were 148 pies baked in year 1. $148$

There were $c$ pies baked in year 2. $148+c$

Rearrange the terms so the variable is first. $c+148$

5 0

3 years ago

Read 2 more answers