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W's cost for coverage is $5 per thousand. W applies for $100,000 of coverage. What is the total annual premium for W's coverage
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5 votes
W's cost for coverage is $5 per thousand. W applies for $100,000 of coverage. What is the total annual premium for W's coverage

User Bezmax
by
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1 Answer

1 vote

Answer:

$500

Step-by-step explanation:

Coverage cost per $5 is 1000

coverage per $ 1 = 1000/5

=200

For $100,000, W will pay; $100,000/200

=$500

User Pavlo
by
3.5k points
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