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vekshin1
2 years ago
10

Because of an accident Royce was involved in, his insurance company has increased his annual premium for auto insurance by 5. 2%

. His original policy was set up using the premiums listed below. What is his new annual premium after the increase for the accident?.
Business
1 answer:
PSYCHO15rus [73]2 years ago
7 0

Premium is often paid by people based on some kinds of services offered.

From the picture attached, we can see Royce' premiums for the previous year, which were;

  • Bodily injury $22.50
  • Property damage $144.75
  • Collision $275.75
  • Comprehensive $100

If you add all together, the total premium of the policy was $543

Note that the premiums will increase by 5.2%,

therefore, the new total premium will be = $543 x 1.052 = $571.24

Learn more from

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