SOLUTION: The company accepts telephone requests for insurance upgrades. The customer would like to add $10,000.00 in coverage to his policy. The cost is $12.00 per year, per thousand dollar
Algebra.Com
Question 991474: The company accepts telephone requests for insurance upgrades. The customer would like to add $10,000.00 in coverage to his policy. The cost is $12.00 per year, per thousand dollars of coverage.
How much will his monthly premium increase?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
The company accepts telephone requests for insurance upgrades. The customer would like to add $10,000.00 in coverage to his policy. The cost is $12.00 per year, per thousand dollars of coverage.
How much will his monthly premium increase?
----
Ans: 10,000/1000 * $12 = 10*$12 = $120.00
---------------------
cheers,
Stan H.
----------
RELATED QUESTIONS
An insurance company charges a customer an annual premium of $100, and
there is a... (answered by CPhill)
I also need help in this one Please, It's very urgent.
Suppose a life insurance policy (answered by Earlsdon)
Acasa Insurance Company offers several plans for home insurance.
Plan A has a $700... (answered by CPhill)
A real estate company sells its premium house model at 2,500,00.00 Php. One can pay it in (answered by Theo)
An insurance company wishes to examine the relationship between income (in $,000) and the (answered by stanbon)
Natasha’s family has advised her not to depend completely on the insurance that her... (answered by greenestamps)
A company is considering two insurance plans with coverage and premiums shown in the... (answered by lawson221)
Suppose a life insurance policy costs $20 for the first unit of coverage and then $5 for... (answered by ewatrrr)
an house insurance policy coust $275. for every $2000 of coverage. Find the cost for... (answered by stanbon)