Results 1 to 2 of 2

Math Help - rate problem. Please help

  1. #1
    Newbie
    Joined
    Nov 2009
    Posts
    1

    rate problem. Please help

    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?
    Follow Math Help Forum on Facebook and Google+

  2. #2
    MHF Contributor
    Grandad's Avatar
    Joined
    Dec 2008
    From
    South Coast of England
    Posts
    2,570
    Thanks
    1
    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
    Follow Math Help Forum on Facebook and Google+

Similar Math Help Forum Discussions

  1. Rate Problem
    Posted in the Algebra Forum
    Replies: 0
    Last Post: July 17th 2011, 07:12 PM
  2. rate problem
    Posted in the Calculus Forum
    Replies: 1
    Last Post: May 5th 2010, 11:04 PM
  3. rate problem...
    Posted in the Calculus Forum
    Replies: 7
    Last Post: November 8th 2009, 09:25 AM
  4. An initial value problem, and rate of change problem
    Posted in the Differential Equations Forum
    Replies: 4
    Last Post: October 1st 2008, 09:49 AM
  5. rate problem
    Posted in the Trigonometry Forum
    Replies: 2
    Last Post: September 5th 2008, 07:44 PM

Search Tags


/mathhelpforum @mathhelpforum