Question

to insure goods to send them overseas it costs the exporter 5/2% of the value of the goods. if the goods are valued at 16.400$, what will be the insurance cost?​

Answer 1

The insurance costs to send goods valued at $16,400 is $410

Explanation:

The amount it costs an exporter to insure goods to send overseas = (5/2)% of the value of the goods

Therefore;

The insurance costs, 'C' to send goods valued at $16,400 is given as follows;

C = $16,400 × (5/2)/100 = $410

The insurance costs to send goods valued at $16,400 = $410