The premium on a life insurance policy is $96.80 per annum. If the rate is
$19.36 per thousand each year the value of the policy is

Respuesta :

Answer:

  $5,000

Step-by-step explanation:

  cost per year = (cost per thousand per year)×(thousands)

  96.80 = 19.36×(thousands) . . . . . . fill in the given information

  96.80/19.36 = (thousands) = 5

The value of the policy is $5,000.

Answer:

96.80 + 19.36 = 116.16

Step-by-step explanation: