Question

Stephanie is 20 years old and has a base annual premium of 930 and a rating factor of 1. 30. What is her total premium?

Answers:

A) $1,209

B) $100. 75

C) $604. 50

D) $1,032. 65

Answer 1

A) $1,209

Explanation:

To calculate Stephanie's total premium, we need to multiply her base annual premium by the rating factor.

Base annual premium: $930

Rating factor: 1.30

Total premium = Base annual premium * Rating factor

Total premium = $930 * 1.30

Total premium = $1,209

Therefore, Stephanie's total premium is $1,209.