Asked by nivetha duraisamy on May 19, 2024
Verified
Benjamin currently pays $1,080 for his annual car insurance premium.He is in the Marines and will be deployed for the next 9 months.Since his car will be used much less,there is less risk for the insurance company and it offers him a 66% discount for his annual premium while on deployment.What is the amount he must save each month while on deployment to be able to pay for the discounted premium? When Benjamin returns,his premium will revert to the amount prior to deployment.What will his total premium for the year be?
Annual Premium
The total amount that must be paid per year to keep an insurance policy active.
Car Insurance
A type of insurance policy that provides financial protection against physical damage or bodily injury resulting from vehicle collisions and against liability that could also arise.
- Understand and apply the concept of insurance premiums and discounts.
Verified Answer
JS
Learning Objectives
- Understand and apply the concept of insurance premiums and discounts.
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