How much less would a 23 year old female pay for a $35,000 policy of 20 year life insurance (@ $3.90 per $1000) than straight li
fe (@ $15.78 per $1000)?
$552.30
$688.80
$415.80
$589.25
$552.30
$688.80
$415.80
$589.25
2 answers:
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Let's call the number we're looking for . We know that
is twice as much as
.
Twice as much as a number simply means the double of that number, and in turn the double of a number means to muliply that number by 2.
So, in order to obtain , you have to multply
by 2. In formula, you have
or simply