SOLUTION: the annual insurance premium for a policy holder was $837. The policy holder must pay a 18% surcharge because of an accident. what is the new annual premium as a result of the acci

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Question 1163569: the annual insurance premium for a policy holder was $837. The policy holder must pay a 18% surcharge because of an accident. what is the new annual premium as a result of the accident?
Answer by Theo(13342) About Me  (Show Source):
You can put this solution on YOUR website!
the annual premium was $837 before the accident.

after the accident, the annual premium became $837 + .18 * $837 = $987.66