Question

The average smoker typically pays 15% higher life insurance costs than the average non-smoker. If the monthly cost to a non-smoker is $500 dollars per month, how much would the average smoker pay per month for the same life insurance policy?

a) $500.15

b) $515.00

c) $533.00

d) $575.00

Answer 1

$75

Explanation:

The average smoker pay 15% life insurance than the non-smoker

The monthly cost of a non-smoker is $500 per month

Therefore the amount that would be paid by the average smoker in a month can be calculated as follows

= 500 × 15/100

= 500 × 0.15

= 75

Hence the amount to be paid is $75