Question

Charles is 45 years old, and makes $40,000 per year. If he were to die, how

much would the beneficiaries of his life insurance policy receive if they can
get by on 60% of his income?

Answer 1

Answer: The Beneficiaries will get 24,000 dollars in total

Explanation:

1.) Step one is you would have to divide 40,000 by 60 because that will be how much they would get

2,) Step two is box you answer

Answer 2

Oh, how morbid these interest problems are.

Are you asking how much they would recieve in a year?

If so:

40000/100=400

400*60=$24000 a year