Ask Question
2 March, 06:10

freddy has a life insurance policy with a $2 million benefit. if this money was put into an account with a 3% interest rate, how much income can his beneficiaries expect in case Freddy dies?

+1
Answers (1)
  1. 2 March, 06:33
    0
    C. 60,000

    Explanation:

    3% interest on $2,000,000

    0.03 x 2,000,000 = 60,000

    2,000,000 + 60,000 = 2,060,000
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “freddy has a life insurance policy with a $2 million benefit. if this money was put into an account with a 3% interest rate, how much ...” in 📗 English if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers