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Joshua is 25 years old and has a high risk job making $72,000 a year. The insurance company charges him an extra 20% on top of his premium rate because of his job. If Joshua wants a policy that will replace five years of his salary, what is the annual premium for the cheapest policy?

Respuesta :

Answer: D

Step-by-step explanation:

6644

Tundexi

The annual premium for the cheapest policy will equals to $6,644.

What is an annual premium?

In Insurance terms, this refers to the annual payment that the policyholder makes to an insurance company to keep their policy active.

Here, because he has a high risk job making $72,000 a year which makes the firm charges him an extra 20% on top of his premium rate, among other options, the annual premium for the cheapest policy will equals to $6,644.

Therefore, the Option D is correct.

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