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A 70-year-old male pays 79.79 per month for his term life policy 180-year-old pays 349.30 per month. What is the percent of increase in premium costs from age 70 to 80?

Sagot :

Answer: [tex]337.77\%[/tex]

Step-by-step explanation:

Given

For 70 year old, premium is 79.79 per month

For 80 year old it is 349.30 per month

Percentage increase in premium costs from age 70 to 80 is

[tex]\Rightarrow \%\ \text{increase}=\dfrac{349.30-79.79}{9.79}\times 100\\\\\Rightarrow \%\ \text{increase}=\dfrac{269.51}{79.79}\times 100\\\\\Rightarrow \%\ \text{increase}=337.77\%[/tex]

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