Question

Gloria pays her insurance three times each year. The first payment is 40% of the annual premium, and each of the next two payments is 30% of the annual premium. If the annual premium is 6924, how much is each payment?

A. First payment.
B. Second payment.
C. Third payment.

Answer 1

Each payment Gloria makes towards her insurance is based on her annual premium of $6924. Her first payment is $2769.60, and both the second and third payments are $2077.20 each.

Step-by-step explanation:

Gloria pays her insurance in three separate payments throughout the year based on a percentage of her annual premium. If Gloria's annual premium is $6924, we can calculate each payment by applying the given percentages to the total premium.

First payment: 40% of $6924 = 0.40 × 6924 = $2769.60

Second payment: 30% of $6924 = 0.30 × 6924 = $2077.20

Third payment: 30% of $6924 = 0.30 × 6924 = $2077.20