Jane Doe determines she can afford a maximum of $100 per month for life insurance. If she finds a policy with yearly premiums of $5.00 per unit ($1,000), what maximum amount of insurance can Jane afford to buy?

$500,000

$120,000

$240,000

$50,000

Question

Steve Ponce

Mathematics

21 June, 23:49

Jane Doe determines she can afford a maximum of $100 per month for life insurance. If she finds a policy with yearly premiums of $5.00 per unit ($1,000), what maximum amount of insurance can Jane afford to buy?

$500,000

$120,000

$240,000

$50,000

+3

Answers (1)

Know the Answer?

Thomas Waller · Answer 1

Your answer would be $500,000

Step-by-step explanation:

You have to multiply $100 and $5.00 which equals $500 then multiply $1,000 and $500 which equals $500,000 because you have to add a 0 when you get your answer and that will make $500,000

Jane Doe determines she can afford a maximum of $100 per month for life insurance. If she finds a policy with yearly premiums of $5.00 per unit ($1,000), what maximum amount of insurance can Jane afford to buy?$500,000$120,000$240,000$50,000

Jane Doe determines she can afford a maximum of $100 per month for life insurance. If she finds a policy with yearly premiums of $5.00 per unit ($1,000), what maximum amount of insurance can Jane afford to buy?

$500,000

$120,000

$240,000

$50,000