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

Respond to this Question

First Name
School Subject
Your Answer

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