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

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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) About Me  (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?
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Ans: 10,000/1000 * $12 = 10*$12 = $120.00
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cheers,
Stan H.
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