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Dad bought $200,000 of term life insurance at the rate of $5.40 per thousand-dollar unit. How much is the annual premium?

Dad bought $200,000 of term life insurance at the rate of $5.40 per thousand-dollar unit. How much is the annual premium?
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5 votes
Dad bought $200,000 of term life insurance at the rate of $5.40 per thousand-dollar unit. How much is the annual premium?

User BlueJapan
by
8.4k points

1 Answer

5 votes

Answer:

$1080 annual

Explanation:

200(# of thousands) x 5.4

1080

User Jerrybibo
by
8.6k points
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