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? 2. Hello niceyo2002 Welcome to Math Help Forum! Originally Posted by niceyo2002 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.