Ezichael John
Jun 6
James insures his house for K30000.the insurance company quotes a premium of K8 per K1000 insured how much is his annual premium?
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ChatGPT
Jun 6
To calculate James' annual premium, we first need to determine how much his premium will be for the K30000 insured.
Premium per K1000 insured = K8
Premium for K30000 insured = (K8/1000) * 30000
Premium for K30000 insured = K8 * 30
Premium for K30000 insured = K240
Therefore, James' annual premium will be K240.
Premium per K1000 insured = K8
Premium for K30000 insured = (K8/1000) * 30000
Premium for K30000 insured = K8 * 30
Premium for K30000 insured = K240
Therefore, James' annual premium will be K240.
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Google Gemini AI
Jun 6
The annual premium is calculated as:
Premium = (Insurance amount / 1000) - Premium per K1000
Premium = (K30000 / 1000) - K8
Premium = K240
Therefore, James' annual premium is K240.
Premium = (Insurance amount / 1000) - Premium per K1000
Premium = (K30000 / 1000) - K8
Premium = K240
Therefore, James' annual premium is K240.
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