Ask Question
28 January, 22:08

if you've just recovered from prostate cancer within the last few years, an insurance company might require you to pay a 20% extra premium on your net premium for 3 years. Calculate the gross monthly premium during this 3 years, if the monthly gross premium after the 3 years is $100 and the monthly net premium among this $100 is $70

+4
Answers (1)
  1. 29 January, 01:36
    0
    Gross premium = $100

    Monthly Net premium = $70

    Therefore 70 x 12 x 3 = 2,520

    = 20% of 2, 520

    2,520/100 x 20/1

    GMP (Gross Monthly Premium) = $540
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “if you've just recovered from prostate cancer within the last few years, an insurance company might require you to pay a 20% extra premium ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers