Final answer:
The cost of a life insurance policy is $8.52 for every $1,000 of coverage. For $20,000 worth of insurance, the cost would be 20 multiplied by $8.52, resulting in a total cost of $170.40.
Step-by-step explanation:
The question asks about the cost of a life insurance policy at a certain rate for a specified amount of insurance coverage. Specifically, the cost of a life insurance policy is $8.52 for every $1000 of insurance. To calculate the cost for $20,000 worth of life insurance, you would multiply the rate by the number of thousands in $20,000.
To calculate this, first determine how many times $1000 fits into $20,000. Since 20,000 divided by 1,000 equals 20, you would need 20 units of $1,000 insurance. Next, multiply the cost per unit, which is $8.52, by 20. So the calculation would be:
Cost of life insurance = $8.52 per $1,000 x 20 = $170.40.
Therefore, the cost for $20,000 worth of life insurance would be $170.40.