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Preston-Stevens Standard Arithmetic Volume 1

Preston-Stevens Standard Arithmetic Volume 1


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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1910 Excerpt: ... insurance. In these forms the losses are met by dues or by assessments. The principle upon which they are based is that the loss of one is shared by many. 4. Regular insurance companies have the same rate of insurance, which is fixed by general agreement. In selecting a company, therefore, a person does not think of the rate, but gives careful attention to the financial standing of the company, the line of risks which they assume, and the form of contract which they issue in their policies. 5. There are so many kinds of insurance, and such a variety of policies in the same lines of insurance, that only the general calculations can be given here. When the terms of the policy are known, the computations to find the cost of the insurance are very simple. Some Applications of Insurance 220. i. What will it cost to insure a frame house for $ 4800, the rate being $ 4 on a thousand for three years? 2. Find the premium for insuring a brick house for $ 4800, at $ 2.50 per $ 1000 for 3 years. 3. What will it cost to insure my house, valued at $ 6000, and my furniture, valued at $ 1500, for of their value, the rate being $ 3.50 per $ 1000 for 3 years? 4. What is the annual premium for insurance on a store for $ 5000, the rate being 70 per % 100 per year? 5. A man 30 years old, passing an examination for good health, has his life insured for $2500 in straight life insurance, ilie annual premiums being $ 23.50 per $ 1000. How much premium will he pay in 5 years on this insurance? 6. A man 20 years of age insures his life on the 20-payment plan (premiums paid for 20 years, if he lives that long, then he can either draw out cash, or continue without further payment). The annual premiums are $ 26.90 per $ 1000. What does it cost him per year to carry this insurance? 7. A ...


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Product Details
  • ISBN-13: 9781150894640
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 60
  • Spine Width: 3 mm
  • Width: 189 mm
  • ISBN-10: 1150894644
  • Publisher Date: 01 May 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 127 gr


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