Mathematics: Sue purchased a $30,000 life insurance policy at the price of $24 for each $1000 of coverage. if she pays the premium in 12 monthly installments, how much is each installment?

Sue purchased a $30,000 life insurance policy at - id30000529656, heartnolove7590

myiah234

11.03.2022

Cost of life insurance is $30000 at a price of for each $24 for each $1000 of coverage.

Cost = $\frac{24}{1000}\times30000$

= $720

Premium is paid each month then it becomes $\frac{720}{12}=60$

=$60

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oliviajewelwilliams

26.05.2022

Step-by-step explanation:

70/8 = 8.75

So, 70/8 lies between the numbers 8 and 9

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