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what is the premium on an 8000 insurance policy if the premium cost $75 per $100 of insurance

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1 Answer

Hi Jerry;
($75)[($8000)/($100)]
Let's note the fact that within the brackets, the unit of $ is in the numerator and denominator.  It cancels...
($75)[(8000)/(100)]
($75)[(8000)/(100)]
($75)(80)
$6000