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A$400,000 life insurance policy has a cost of $0.30 per $100. What is the premium?

A$400,000 life insurance policy has a cost of $0.30 per $100. What is the premium?
asked 154k views
1 vote
A$400,000 life insurance policy has a cost of $0.30 per $100. What is the premium?

asked
User Ram Ghadiyaram
by
8.0k points

1 Answer

5 votes

Answer:

$1,200.00

Explanation:


(400000)/(100) x .3 = 1200.00

answered
User Jwknz
by
7.9k points
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