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Trylon Eager took out an $85,000, 20-year term policy at age 40. The premium per $1,000 was $5.00. He will be 60 years old this year. The premium per $1,000 will be $5.90. The percent increase to the nearest
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Trylon Eager took out an $85,000, 20-year term policy at age 40. The premium per $1,000 was $5.00. He will be 60 years old this year. The premium per $1,000 will be $5.90. The percent increase to the nearest whole number is ____%.

User Southerneer
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7.6k points

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The percent increase
((5.9−5)÷5)×100
=18%
User Dan Hanly
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