Round 66,681 to the nearest ten thousand
2 answers:
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From the given table, the annual premium rate as a percentage of value insured a person at age 35 has to pay is 0.14%.
- The amount more annually a $115,000 10-year term insurance at age 35 cost Bernard than someone of the same age without health issues is option d. <u>$24</u>
Reasons:
The data in the table are presented as follows;
From the above table, we have that the amount a 35 year old without health issues will pay per $1,000 is $1.40
Therefore, the amount to be paid for $115,000 is 115 × $1.4 = $161
The amount Bernard pays = 15% more = 1.15 × $161 = $185.15
Therefore;
The amount more Bernard has to pay = $185.15 - $161 = $24.15 ≈ <u>$24</u>
Learn more about insurance premiums here:
Step-by-step explanation:
Consider the provided information.
For the proportion method first set up the equation like this:
Perform the cross multiplication and then solve for the missing part.
For example:
Find 80 percentage of 10.
Step 1: Set up the equation.
Step 2: Perform the cross multiplication
Step 3: Solve for the missing part.