Robbie Morse has a $47,500 insurance policy. The annual premium is $987.53. Robbie pays $90.00 monthly.
1 answer:
Answer:
Robbie pay in twelve months $1080 .
$92.47 more Robbie pay and 9.36 %(Approx) Robbie pay.
Step-by-step explanation:
As given
Robbie Morse has a $47,500 insurance policy.
The annual premium is $987.53.
Robbie pays $90.00 monthly.
First find out the Robbie pay in twelve months .
Robbie pay in twelve months = 12 × 90
= $ 1080
Second find out how much more does Robbie pay .
Robbie pay extra = Robbie pay in twelve months - annual premium
= $ 1080 - $987.53
= $92.47
Therefore the $92.47 more Robbie pay .
Third find out the what percentage does Robbie pay .
Formula
Robbies pay more = $92.47
Annual premium = $987.53
Put in the above
Percentage = 9.36 % (Approx)
9.36 %(Approx) Robbie pay.
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