Ask Question
2 May, 14:33

Which item is more economical?

a $100,000 life insurance policy at $0.55 per $1000 per month

a $100,000 life insurance policy at $170 per quarter.

+2
Answers (1)
  1. 2 May, 14:39
    0
    The correct answer is: a $100,000 life insurance policy at $0.55 per $1000 per month (more economical)

    Explanation:

    (1) a $100,000 life insurance policy at $0.55 per $1000 per month

    It means:

    $0.55*100*12 = $660 [There are 100 thousands in $100000 and there are 12 months in the year]

    (2) a $100,000 life insurance policy at $170 per quarter.

    It means:

    $170*4 = $680 [There are 4 quarters in a year]

    As $680 > $660 therefore Option (A) is the economical option.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which item is more economical? a $100,000 life insurance policy at $0.55 per $1000 per month a $100,000 life insurance policy at $170 per ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers