# math

posted by .

3. A diamond ring valued at \$7000 was insured at 80% of its value. What was the premium, if the rate was \$6 per 1000?
A.\$3.36
B.\$4.20
C.\$33.60
D.\$42.00
E.\$336.00

• math -

7000 * .8 = 5600

6(5600 / 1000) = ?

• math -

1 1/5

• math -

owerhwegti

## Similar Questions

1. ### Future/Present Value Problems

B) Immediate Bonus= 40,000 Deferred Bonus= 70,000 payable in 10 yrs, relevant interest rate is 8%.. (ignore tax considerations) Which form of settlement should be accepted 70,000/10=7000 per yr 7000*.08=560 7000-560=6640 6640*10=66400 …
2. ### math

george owns a brick home that has a replacement value of \$98,000. he insured it for 90% of its replacement value he lives in an area rated fire protection class 10. what is his annual policy premium?
3. ### English

1. The stolen diamond necklace is insured for five million dollars. 2. I have insured the stolen diamond necklace for five million dollars. 3. I insured the stolen diamond necklace for five million dollars. 4. I insure the stolen diamond …
4. ### math

A specfic model of a car with an original value of \$32500 depreciates at a rate of \$7000 per year, as represented in the equation below: V(y) = 32500 - 7000 t
5. ### econ

Suppose there are 1000 identical firms producing diamonds. Diamond miners receive the wage rate w. Assume that the short-run cost function for each diamond-producing firm is C(q) = wq + q2. a. If w = 10, what is the supply curve of …
6. ### econ

Suppose there are 1000 identical firms producing diamonds. Diamond miners receive the wage rate w. Assume that the short-run cost function for each diamond-producing firm is C(q) = wq + q2. a. If w = 10, what is the supply curve of …
7. ### math

A home was valued at &73,500. It was insured for 80% of its value at a premium of &0.40 per \$100. Find the yearly premium.
8. ### Math

Professor Smith has invented a time machine and is going to travel back in time 15 years to buy his wife a diamond ring. The ring cost \$5000, 15 years ago . The average rate of inflation is 3.09% per year. Round answers to nearest …
9. ### Math

Amy bought a diamond ring for \$6,000. If the value of the ring increases at a constant rate of 5.8% per year, how much will the ring be worth in twenty-one years?
10. ### physics

a ring made of diamond and gold ( sp. gravity respectively 3.5 and 17.5) weight 7.35*10^-3 kg. when immersed in water , the ring weighs 6.85*10^-3 kg. find the weights of the diamond and the gold of the ring

More Similar Questions