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James wishes to insure the contents of his house for K 30,000. The insurance company quotes a premium of K 8 per K 1,000 insured. How much is his annual premium?

[tex]\[
\begin{aligned}
\text{Annual Premium} & = K 8 \times \frac{30,000}{1,000} \\
& = K 240
\end{aligned}
\][/tex]

Answer: [tex]$\qquad$[/tex]

Sagot :

GinnyAnsweridn
To determine how much James's annual premium will be, follow these steps:

1. Identify the Value to be Insured: The contents of James's house are valued at K 30,000.
2. Specify the Premium Rate: The insurance company charges a premium of K 8 for every K 1,000 of value insured.
3. Calculate the Number of Units Insured: Since the premium rate is given per K 1,000, we first need to determine how many K 1,000 units are in K 30,000:
[tex]\[ \frac{30,000}{1,000} = 30 \text{ units} \][/tex]
4. Determine the Total Annual Premium: Multiply the number of units insured by the premium rate per unit:
[tex]\[ \text{Annual Premium} = 30 \text{ units} \times K 8 \text{ per unit} \][/tex]
[tex]\[ \text{Annual Premium} = K 240 \][/tex]

So, James's annual premium for insuring the contents of his house, valued at K 30,000, would be K 240.

Answer: [tex]\( K 240 \)[/tex]
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