Thread: rate problem. Please help
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Old November 3rd, 2009, 08:22 AM
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Hello niceyo2002

Welcome to Math Help Forum!
Quote:
Originally Posted by niceyo2002 View Post
Hi everyone. This is my question: An insurance policy costs $7.50 for every $1000 of insurance. At this same rate, how much would $170,000 of insurance cost?
How many $1000's are there in $170,000? This gives you the number of $7.50's the policy will cost.

The answer is that there are 170 $1000's in $170,000 (of course!). So the policy will cost 170 x $7.50 = $1275.

Grandad
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