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Premiums are used to cover business expenses, what premium must be charged.The automobile costs $ 16615 after the $90 premium.Given that the monthly premium for a $12,000 automobile is $65 Scot's monthly auto insurance payment is $90.
In general, the term "proportion" refers to a part, share, or amount that is compared to a whole. According to the definition of proportion, two ratios are in proportion when they are equal. Two ratios or fractions are equal when an equation or a declaration to that effect is utilised.Let's say the premium is $90 and the cost of the car is x. Now, 12000:65::x:90.X=108000O/65 = 12000 x 90 = 65 x x 1080000.Let's say the premium is $90 and the cost of the car is x. At this point, 12000: 65:: x:90 12000 x 90 = 65 x x 1080000 = 65x X=1080000/65 X=16615.38 = 16615 .The price of the automobile with the premium is therefore $ 16615.
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