automobile insurance rate
automobile insurance rate questions and answers
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Q: Automobile Insurance Rates: How Much Does The Premium Usually Go Up After A Comprehensive Accident?
My girlfriend hit an unmarked small curb on a private driveway and it appears the metal plate under the 2003 Murano is tacoed/ripped from the frame. In addition the oil is leaking (1 1/2 Tablespoons over night) and the once quiet cabin sounds like a bass woofer is on (in all gears).
thanks,
A: It usually depends on how much the insurance company has to pay out. There is no set amount. Some insurance companies offer First Accident Forgiveness. Some will waive any surcharge/rate increases, if the damage is under $1000. She should run this question by her agent.
Also, since she struck a stationary object, the curb, her loss would fall under her collision coverage, not her comprehensive.
Q: Who has the lowest rates for automobile insurance?
A: There are to many factors to consider before just saying a name.
Where you live?
how old you are?
if you married?
how many cars you own?
And way more other things.
Q: Is there a reason why automobile insurance rates are skyrocketing in New York?
I just got a 6-month renewal rate for my Progressive auto insurance policy in New York State (specifically Western New York), and it has jumped 15%. I have had no accidents, claims, address changes, or anything else that would cause a recalculation in years, and my policy lists me as having a "clean" driving record.
I heard that insurance companies were pushing for a 7% rate increase last summer, which has to be approved by the state, and that the state was pushing back saying rates should be going down instead (less driving, price of gas, etc). Never heard the final word on that though.
Curious if anyone in the insurance industry in NY might know if this is across the board, or if my company is just screwing me.
I got a 6-month renewal for my Progressive auto insurance policy in NY State (specifically Western NY), and it has jumped 15%. I have had no accidents, claims, address changes, or anything else that would cause a recalculation in years, and my policy lists me as having a "clean" driving record.
I heard that insurance companies were pushing for a 7% rate increase last summer, which has to be approved by the state, and that the state was pushing back saying rates should be going down instead (less driving, price of gas, etc). Never heard the final word on that though.
Curious if anyone in the insurance industry in NY might know if this is across the board, or if my company is just screwing me.
UPDATE: My original policy was $343, the renewal was for $400. I followed the "shop around" advice by going to an independent agent. He found me a policy for $241. When I asked him who the company was, he said "Progressive." So I got a good rate, just had to play a stupid game to get it.
A: Is you company screwing you? It takes about 20 minutes to get quotes from the main insurers from the comparison sites.
this http://insurance.moneysavecenter.com/ and this http://www.bestinternetfind.solutionsarticles.com/ is where I usually go.
HOWEVER, if you want to get to know the workings of the insurance industry in NY you can follow the below:
For the Consumer Services Bureau, call this toll-free number: 1-800-342-3736.
You may also reach Consumer Services at: 518-474-6600 (Albany) or 212-480-6400 (New York City)
Website: http://www.ins.state.ny.us/
Q: Will my insurance rates go up if I report auto accident not my fault for hit and run?
While I was shopping inside the mall an automobile rear ended my car while it was parked in the parking lot. Of course I didn't find out until I left the store and walked up to my car and saw the damage. I don't know who hit it because it was a hit and run and they left while I was in the mall. I have a $500 deductible. If I report this to my insurance company, State Farm, will it make my insurance rates go up and will it count against me, since there is no one that I can get this on (they got away). I estimate the cost of repair will be more than $500. Should I report it or not to my insurance company? If I don't report it I will have to pay full repairs out of pocket. What do you advise in this situation?
A: It depends on what state you are in on this one. Some states allow it, and some do not. You probably will not see a surcharge specifically related to this incident, but you could be put in a higher rating category (in other words will not have the same rates as the "best" drivers). If you have a few dings on your record already, this could be the thing that puts you over the edge. If your record is otherwise clear (no tickets or accidents) and the repair cost is above say a 5%-10% surcharge for a few years, it might be worth it. If the insurance payout will not be above $250-$300 after your deductible, is probably not worth making a claim. Your tenure with State Farm is also likely a factor. If you have been there for years and have several products, it is better than the person that signed up a year ago and only has auto insurance.
You may well have a lower uninsured motorist deductible, many states have that deductible at $200 - $250.
Q: Has anyone financed a automobile after Bankruptcy ?
If you just where discharged through Chapter 7 , and would like to get an automobile loan , what are your best options ? Take over payment type of place ? Is there a certain Interest rate ? Like no lower than 18% or it all depends on where you go ?
Say a auto loan or financing a $4000.00 car , with no money down.And you are on Unemployment and receiving $1066.00 a month . And the most you can pay a month for the car AND insurance is $200.00.
Would my friend be s**t out of luck ?
Thanks
A: It would be extremely hard to get financing for a discharged ch7 bankruptcy in today's market. Even though now is the time to buy a vehicle, lenders want to have a reasonable expectation of being paid on their loans. Having a ch7 bankruptcy on your credit report isn't the kind of thing that's going to get you 11.00% financing. I'd say your friend is SOL on this one.
Q: Should bicyclists who use the roads be legally required to have insurance like motorists?
Recently;y, my car was hit by a bicyclist on a street in my city. He was cited and I was not.
The damage to my car is $2,300. However, as he is completely uninsured, my insurance will have to pick it up. I will have to pay the $500 deductible, my insurance company and I will split a rental car cost for two weeks while my car is being repaired., and my insurance rate could go up.
Bicycles are becoming more common. At least in my city, bicyclists insist on having the same rights as motorists on the public roads.
If bicyclists use the public roads with automobiles, should they also be required to have insurance?
No joke Psych. Nestor.
My car is new. I just bought it in May. I left the car at the repair shop today. The bill for the damage caused by the bycyclist to my car is $2,300.
He dented the fender, bumper, headlight cover, and slightly cracked the winshield. As it is illegal to drive in my state with even a tiny crack in your windshield, the whole thing has to be replaced.
He walked (or i should say rode away) from the accident. He and his bike were not damaged. I do not know how that happened, but it did.
I am not talking about them. I am talking about us. We motorists have insurance to cover them if we damage them or their property. Why should they not be required to have insurance to cover us when they damage us?
The key fact is that he ran into the front passenger side of my car. I was stopped waiting for traffic. I did not hit him. He hit me. My car was not moving. That is why he wasn't hurt, I imagine.
He must have been an idiot to not see me. But, he didn't. I'm not sure how he managed to do it.
A: You should remember that the fact that he does not have insurance does NOT mean that he is not liable for your damages. You can sue him *personally* for all your losses. (Consult with your insurer, though - in many cases they will be suing him already for what they are paying.)
The law does not require bicyclists to carry insurance because in most cases the maximum damage they're likely to cause is going to be small enough that you can recover from them personally. In your case, your total damages will probably be about $3,000 - small enough to recover by a suit in small claims court and then, if he doesn't pay, wage garnishment.
PS.... I don't find $2,300 in damages from a bike impact at all unreasonable, especially if the windshield is cracked. Breath hard on most new cars and the dealers asking for over $1,000.
Richard
Q: STATISTICS question about HYPOTHESIS TESTING with Z Distribution.?
A major insuracne company is in the process of deciding whether or not to raise its base rate on automobile insurance policies. A premium analyst has determined that the base rate must be increased if the average claim amount over the past year was greater than $1400. A random sample of 60 claims from last year will be collected to help make the decision.
a) Set up an appropriate one-sided hypothesis test to determine if there is sufficient evidence in the sample to conclude that the baase rate should be increased. Use a 5% level of significance and a nonstandardized test statistic. Assue that the population standard deviatino in claim amounts is $800. Stop after stating the rejection rule.
b) In business term, what is a Type II error in this situation?
c) In a random sample of 60 percent claims, the average claim amount was $1542. What is the appropriate statistical decision based on your test from part 'a' ?
Please help IF YOU CAN !! Thank you !!
A: H0: Average claim over the past year did not exceed $1,400
H1: Claim exceeded $1,400
n=60 (sample size)
sigma (population SD) = 800
Rejecttion rule :
Compute z = (xbar-1400) / [800 / sqrt(60)]
xbar = mean of the sample of 60 observations .
If z > 1.64 (critical value that corresponds to 5 % level of significance for a one-tailed test), reject H0, and conclude H1.
b) Type II error : Not rejecting the hypothesis when it's false.
That is, concluding that avergae claim fell below $1,400 when it exceeded $1,400.
c)
Sample mean 1542
Standard deviation = 800
Standard error of mean = sigma / sqrt(n)
SE = 800/7.746
Standard error of mean 103.2796
z = (xbar-mu) /se
z = (1542-1400) / 103.2796
z = 1.3749
The computed z doesn't exceed the critical z of 1.64 at the 5 % level.
Do not reject the nul hypotheisis. The claim didn't exceed $1,400. Base rate need not be raised.
Q: What Kinds Of Accidents Besides MVA's Cause Whiplash and Muscle Spasm Type Injuries?
Ok, I was forced to drive off the road into a ditch yesterday after the truck in front of me lost it's load of 2x4's. I hit a highway marker but my vehicle only has some scratches. The Truck didn't have any plates and it sped away, there were some grungy looking guys in it and I didn't go after them. Anyway, today I'm in a lot of pain and my back is messed up. I need to go see a Dr, but my husband doesn't want to report the accident to insurance because then our rates will go up even if it's not our fault. That's how Oregon is. We have health insurance but if I say I was injured in an automobile accident they won't cover it! Suggestions? Help is much appreciated!
A: due to confidentiality laws(h.i.p.p.a. laws) i don't think a hospital can notify your insurance company in this case. if you were DUI police would be notified which would get back to insurance but this isn't the case here. ask the er admissions clerk that question directly. if they say yes(unlikely) then give them a different reason. be honest with the doc though because he/she will need honest info the give the most accurate treatment/diagnosis. if you still need to avoid the truth whiplash is caused by a body in motion being abruptly stopped but the head which is unrestrained whips forward or backward. the muscles are strained and usually in a lateral(side) view x-ray the natural curve of the cervical spine is straightened out (i'm an x-ray tech at a hospital). get this looked at and be honest with the doc. you don't want this to become a problem that requires surgery.
Q: Is airplane travel REALLY safer than automobile travel? And what is good drug for flying?
I hate flying on airplanes. I have flown a LOT in my lifetime. My parents took me on a lot of vacations with air travel and I've flown a lot in the military and after. The older and older I get, the more I fear it. To the point that when I go on business trips every other year now, I am almost in a low state of panic the entire flight. Last year, I got Xanax prescribed by my doctor, but I wasn't that impressed with it's calming qualities. In fact, I took probably 5 Xanax before I was even remotely feeling calmer.
So I have two questions:
1) I often hear that air travel is safer than automobile travel, but I feel that this analysis could be misleading. Here are a couple of reasons why:
a) In flights that go wrong, you usually die. In automobile accidents you sometimes die but are often just injured. When they compare air safety vs. car safety are they just comparing accidents with accidents or are they comparing deaths to deaths?
b) When they compare air safety vs. auto safety, they are just using numbers from the population as a whole. However, we all know that there is a HUGE difference in safety between different groups of drivers. In fact, the insurance companies base their rates on some of these differences. So if you compare deaths of air safety passengers to the deaths of the SAFEST group of drivers, does air safety still rank favorably?
3) Lastly, when you drive an automobile, YOU personally have a huge contributing factor to the outcome of the safety of the drive. When you fly in an airplane, you give total control over to people that you don't know and in most cases, never meet or see! Would you drive in an auto with people you didn't know or couldn't see?
2) Question #2 pertains to drugs that calm fear of flying... What do you guys recommend that actually works? I don't care what the side effects are. And don't recommend Xanax, because I already told you that it sucks.
A: I just went on my SECOND Plane trip ever. The first I was 16. Now, I am 26. In that time, I have developed CRAZY panic attacks in dealing with heights, tiny enclosed places, hiking, and flying. I may possibly be even worse than you are.
I took a job recently that required travel and I decided I have no choice but to face my fear. I'm not like all the others - - face your fear without meds, bla, bla, bla... That's insane.
I was prescribed .5 mg Ativan an hour before my flight and .5 Ativan before takeoff. Then proceed as necessary, if needed.
I woke up. Took 1 mg of Ativan. I didn't sleep. I also took a .2 mgs Celexa and a Bonine for motion sickness.
I arrived at the airport a little less nervous but as soon as I got on the airplane [ 1 seat on one side/ 2 seats on the other] I freaked out - felt like puking/sweating/dizzy/heartache-nervousness. Could have been because it is much smaller than I had expected. I took another 1 mg of Ativan, placed it under my tongue and let it dissolve. I BELIEVE Ativan is the only one of the benzos you can take by mouth. I kid you not - - it instantly made the fear go away. I was anxiously nervous for the entire flight but never freaked up.
I also brought my PSP to play video games on. It really kept me busy. I pulled my shade down on the plane. I continued to play my PSP on the plane even during takeoff. One of the flight attendants told me I could. I told them that I had panic attacks on planes. They cut you more slack. Being busy during take off is a HUGE bonus. I kept telling myself I was on a train. Which, motion wise, seemed fairly similar.
Ativan may work for you. The best part is knowing if you develop a panic attack, you can take an ativan by mouth/dissolve and know it will instantly work. I'm okay/almost prefer being a Zombie during my flight.
I have a longer flight this week for work (my second flight)... And will be mixing Ambien w/ Ativan w/ Bonine + Travel Bands + my PSP + my Shure SE110 sound isolating headphones + laptop (for movie). We'll see how that goes
:)
Good luck!!!
Q: I need legal advise in regards to car damage and stolen property from an automobile while at and open house?
My wife and 3 year old daughter stopped at an open house for sale in a nice neighborhood. My wife and daughter went in for a few minutes to look at the brochure and see the house.
While there someone walked up to her car broke the back passenger window and stole her purse. She had her wedding ring in there,very expensive earrings, checkbook, etc.. id.. and purse very expensive.
She of course flipped out crying and under allot of stress .. especially with our 3 year old daughter.
We filed the police report and now I am stumped. Do I call my insurance to try to get the items replaced? do I sue the owner of the property since i was on his property, at an open house, it was an invite to see the house, not to be robbed..
The total stolen is well over 10k does anyone know or have a suggestion what to do. It doesn't seem fair I drill my insurance and then have my rate hiked? thanks!!!
A: First you give your wife a good shake and ask her "what in hades name were you doing leaving your purse in the car?".
More importantly "what in hades name were you doing leaving your purse in the car when you knew darn well you had 10,000 worth of stuff it it?"
Most women have the good sense to lock the purse in trunk (and secure the trunk release button so bad guys can't break the window and just use the ol trunk popper button).
Personally, I never leave my purse in the car anywhere -- not even at church.
You have no cause of action against the property owner. They are not responsible for your wifes stupidity. Just because they owned the ground she chose to park her car on with the purse (she chose) to leave in it --- does not mean they owe you a thing.
Think of it this way -- "but for" your wife leaving her purse in the car -the car never would have been broken into. "but for" your wife leaving 10,000 worth of stuff in the car -- the thief would not have had an incentive to break into your car.
Fortunately, there is no stupidity exclusion in insurance policies.
You would file a claim against your auto policy for the damage to the car (comprehensive coverage). Your deductible will apply.
Then you file a claim under your homeowners/renters insurance for the personal property that was in the car. The auto policy specifically excludes coverage for your personal property. Your deductible and any policy limitations in your homeowners policy will apply.
Q: Math MAth Math Math :(?
hey yall please help me <3
Im not good at math at all and it doesnt help that i dont have anyone to teach it to me cause im homeschooled and i dont have a teacher cause i do it online so if you could help i will like love you forever
thanx
1: The fire insurance rate on a house is $.28 on $100. What is the cost of a one-year policy for $5800?
$18.90
$16.24
$13.46
$12.98
2: Extended coverage insurance on the same house, covering almost anything that might happen to it, costs $.37 on $100. What is the one-year cost of such insurance?
$26.77
$23.43
$21.46
$17.88
3: If the rate on ordinary life insurance for a person 25 years old is $16.56 per $1000, what is the annual premium on a $3000 policy?
$43.55
$47.86
$49.68
$42.23
4: The fire and theft insurance rate on a new truck is 0.58cents on $100. What is the annual premium on a truck worth $3735?
$20.54
$23.87
$21.66
$25.90
5: If the sales tax rate in one state is 2% what is the sales tax to the nearest cent on a purchase of $1.59?
$0.05
$0.03
$0.15
$0.09
6: Find the excise tax, given the value $4.95 and the rate 10%.
$0.49
$0.50
$0.45
$0.52
7: Find the excise tax, given the value $18.50 and the rate 20%.
$3.55
$3.83
$3.80
$3.70
8: In one state the income tax rate is 2% on the first $3000, and 3% on the next $2000. What is the state income tax on a taxable income of $4335.45?
$106.06
$94.88
$100.06
$98.23
9: The national debt in 2005 was about $7,900,000,000,000 ($7.9 trillion). The population of the United States was about 297,000,000. If the debt were divided equally, what would the debt amount to for every man, woman, and child in this country?
$16,330.52
$26,599.32
$16,270.89
$26,531.37
10: At the end of each year the value of an automobile decreases 20% of its value at the beginning of the year. If an automobile costs $30,000, what will it be worth at the end of three years?
$15540.50
$16120.00
$14974.50
$15360.00
11: A man had a house worth $150,000. He sold it at a gain of 15%. What was the selling price?
$188,900
$172,500
$175,600
$169,400
12: A man had a house worth $150,000. He sold it at a gain of 15%. If the new owner sold it at a 15% loss on what he paid for it, how much was his loss?
$25,875.00
$26,338.50
$27,049.00
$25,314.30
13: Find the interest a bank would pay on $750 for 1/6 of a year at an annual rate of 5%.
$7.85
$7.12
$6.57
$6.25
14: If goods cost $40, the overhead is $10, and the selling price is $54, find the percent of profit based on the selling price.
6.3%
6.9%
7.4%
8.2%
15: A note for $650 due in 3 months was discounted at 8%. Find the net proceeds.
$652.00
$598.00
$637.00
$612.00
16: A man receives a salary of $5000 a month plus 5% com�mission on all sales if they are over $30,000. One month his sales were $45,000. What did he receive that month?
$7250
$5270
$5880
$6500
17: Joe works part time and receives $10.50 an hour. During one week he worked 3 hours 20 minutes, 4 hours 30 minutes, 2 hours 40 minutes, 3 hours 15 minutes, 3 hours 30 minutes, and 7 hours 45 minutes. What pay did he receive that week?
$245.00
$280.80
$301.00
$262.50
18: $200 is invested at 4% compounded semiannually. After 2 years what is the amount of the investment?
$210.12
$216.49
$221.34
$206.55
19: A man buys 100 shares of Eastern Electric at 64 3/8 . The brokerage fee is $40. What is the total cost?
$6552.42
$6477.50
$6390.89
$6605.46
20: Fire insurance has a rate of $.28 for $100 on a one-year policy and $.70 for $100 on a three-year policy. How much is saved on $8000 of insurance by taking a three �year policy?
$15.45
$16.80
$11.20
$13.42
A: wooo girl u ask wayyyy 2 many math questions at once...do you rly think someone will do all 18 questions 4 u so u dont have 2 do ur homework..thats not going to happen...
make it less obvious that u dont want 2 do ur hw by only putting 1 or 2 math problems in one question, u will have a lot more responses that way...
Good luck!
Q: math helppp.?
pleaseee help me with this..
single mom with a job and needing to graduate
thank you so muchh
best answer ten poinnts
1: The fire insurance rate on a house is $.28 on $100. What is the cost of a one-year policy for $5800?
$18.90
$16.24
$13.46
$12.98
2: Extended coverage insurance on the same house, covering almost anything that might happen to it, costs $.37 on $100. What is the one-year cost of such insurance?
$26.77
$23.43
$21.46
$17.88
3: If the rate on ordinary life insurance for a person 25 years old is $16.56 per $1000, what is the annual premium on a $3000 policy?
$43.55
$47.86
$49.68
$42.23
4: The fire and theft insurance rate on a new truck is 0.58cents on $100. What is the annual premium on a truck worth $3735?
$20.54
$23.87
$21.66
$25.90
5: If the sales tax rate in one state is 2% what is the sales tax to the nearest cent on a purchase of $1.59?
$0.05
$0.03
$0.15
$0.09
6: Find the excise tax, given the value $4.95 and the rate 10%.
$0.49
$0.50
$0.45
$0.52
7: Find the excise tax, given the value $18.50 and the rate 20%.
$3.55
$3.83
$3.80
$3.70
8: In one state the income tax rate is 2% on the first $3000, and 3% on the next $2000. What is the state income tax on a taxable income of $4335.45?
$106.06
$94.88
$100.06
$98.23
9: The national debt in 2005 was about $7,900,000,000,000 ($7.9 trillion). The population of the United States was about 297,000,000. If the debt were divided equally, what would the debt amount to for every man, woman, and child in this country?
$16,330.52
$26,599.32
$16,270.89
$26,531.37
10: At the end of each year the value of an automobile decreases 20% of its value at the beginning of the year. If an automobile costs $30,000, what will it be worth at the end of three years?
$15540.50
$16120.00
$14974.50
$15360.00
11: A man had a house worth $150,000. He sold it at a gain of 15%. What was the selling price?
$188,900
$172,500
$175,600
$169,400
12: A man had a house worth $150,000. He sold it at a gain of 15%. If the new owner sold it at a 15% loss on what he paid for it, how much was his loss?
$25,875.00
$26,338.50
$27,049.00
$25,314.30
13: Find the interest a bank would pay on $750 for 1/6 of a year at an annual rate of 5%.
$7.85
$7.12
$6.57
$6.25
14: If goods cost $40, the overhead is $10, and the selling price is $54, find the percent of profit based on the selling price.
6.3%
6.9%
7.4%
8.2%
15: A note for $650 due in 3 months was discounted at 8%. Find the net proceeds.
$652.00
$598.00
$637.00
$612.00
16: A man receives a salary of $5000 a month plus 5% com�mission on all sales if they are over $30,000. One month his sales were $45,000. What did he receive that month?
$7250
$5270
$5880
$6500
17: Joe works part time and receives $10.50 an hour. During one week he worked 3 hours 20 minutes, 4 hours 30 minutes, 2 hours 40 minutes, 3 hours 15 minutes, 3 hours 30 minutes, and 7 hours 45 minutes. What pay did he receive that week?
$245.00
$280.80
$301.00
$262.50
18: $200 is invested at 4% compounded semiannually. After 2 years what is the amount of the investment?
$210.12
$216.49
$221.34
$206.55
19: A man buys 100 shares of Eastern Electric at 64 3/8 . The brokerage fee is $40. What is the total cost?
$6552.42
$6477.50
$6390.89
$6605.46
20: Fire insurance has a rate of $.28 for $100 on a one-year policy and $.70 for $100 on a three-year policy. How much is saved on $8000 of insurance by taking a three �year policy?
$15.45
$16.80
$11.20
$13.42
A: 1) $16.24
2) $21.46
3) $49.68
4) $21.66
5) $0.03
6) $0.50...rounded up from .495 cents to 50 cents
7) $3.70
8) $100.06
9) $26,599.32
10) $15,360
11) $172,500
12) $25,875
13) $6.25
14) 7.4%
15) $598.00
16) $7,250
17) $262.50
Well, here's 17 done of 20...I'm exhausted...After wasting an hour of my time...I probably won't even get the 10 pts anyway...I did my good deed for the day...
Q: Consumer Math help ?
1: The fire insurance rate on a house is $.28 on $100. What is the cost of a one-year policy for $5800?
$18.90
$16.24
$13.46
$12.98
2: Extended coverage insurance on the same house, covering almost anything that might happen to it, costs $.37 on $100. What is the one-year cost of such insurance?
$26.77
$23.43
$21.46
$17.88
3: If the rate on ordinary life insurance for a person 25 years old is $16.56 per $1000, what is the annual premium on a $3000 policy?
$43.55
$47.86
$49.68
$42.23
4: The fire and theft insurance rate on a new truck is 0.58cents on $100. What is the annual premium on a truck worth $3735?
$20.54
$23.87
$21.66
$25.90
5: If the sales tax rate in one state is 2% what is the sales tax to the nearest cent on a purchase of $1.59?
$0.05
$0.03
$0.15
$0.09
6: Find the excise tax, given the value $4.95 and the rate 10%.
$0.49
$0.50
$0.45
$0.52
7: Find the excise tax, given the value $18.50 and the rate 20%.
$3.55
$3.83
$3.80
$3.70
8: In one state the income tax rate is 2% on the first $3000, and 3% on the next $2000. What is the state income tax on a taxable income of $4335.45?
$106.06
$94.88
$100.06
$98.23
9: The national debt in 2005 was about $7,900,000,000,000 ($7.9 trillion). The population of the United States was about 297,000,000. If the debt were divided equally, what would the debt amount to for every man, woman, and child in this country?
$16,330.52
$26,599.32
$16,270.89
$26,531.37
10: At the end of each year the value of an automobile decreases 20% of its value at the beginning of the year. If an automobile costs $30,000, what will it be worth at the end of three years?
$15540.50
$16120.00
$14974.50
$15360.00
11: A man had a house worth $150,000. He sold it at a gain of 15%. What was the selling price?
$188,900
$172,500
$175,600
$169,400
12: A man had a house worth $150,000. He sold it at a gain of 15%. If the new owner sold it at a 15% loss on what he paid for it, how much was his loss?
$25,875.00
$26,338.50
$27,049.00
$25,314.30
13: Find the interest a bank would pay on $750 for 1/6 of a year at an annual rate of 5%.
$7.85
$7.12
$6.57
$6.25
14: If goods cost $40, the overhead is $10, and the selling price is $54, find the percent of profit based on the selling price.
6.3%
6.9%
7.4%
8.2%
15: A note for $650 due in 3 months was discounted at 8%. Find the net proceeds.
$652.00
$598.00
$637.00
$612.00
16: A man receives a salary of $5000 a month plus 5% com�mission on all sales if they are over $30,000. One month his sales were $45,000. What did he receive that month?
$7250
$5270
$5880
$6500
17: Joe works part time and receives $10.50 an hour. During one week he worked 3 hours 20 minutes, 4 hours 30 minutes, 2 hours 40 minutes, 3 hours 15 minutes, 3 hours 30 minutes, and 7 hours 45 minutes. What pay did he receive that week?
$245.00
$280.80
$301.00
$262.50
18: $200 is invested at 4% compounded semiannually. After 2 years what is the amount of the investment?
$210.12
$216.49
$221.34
$206.55
19: A man buys 100 shares of Eastern Electric at 64 3/8 . The brokerage fee is $40. What is the total cost?
$6552.42
$6477.50
$6390.89
$6605.46
20: Fire insurance has a rate of $.28 for $100 on a one-year policy and $.70 for $100 on a three-year policy. How much is saved on $8000 of insurance by taking a three �year policy?
$15.45
$16.80
$11.20
$13.42
A: $16.24
$21.46
$49.68
$21.66
$.03
$.50
$3.70
$IDK
$26599.33
$15360
Half-way, I need a break. BRB
$172,500
$IDK
$6.25
$IDK
$598.00
$IDK
$IDK
$IDK
$IDK
$IDK
I did my best, I think I deserve a thank you.
Q: i need help with math (10 points) i know i need to pay more Attention in school and do my own home work?
The fire insurance rate on a house is $.28 on $100. What is the cost of a one-year policy for $5800?
$18.90
$16.24
$13.46
$12.98
2: Extended coverage insurance on the same house, covering almost anything that might happen to it, costs $.37 on $100. What is the one-year cost of such insurance?
$26.77
$23.43
$21.46
$17.88
3: If the rate on ordinary life insurance for a person 25 years old is $16.56 per $1000, what is the annual premium on a $3000 policy?
$43.55
$47.86
$49.68
$42.23
4: The fire and theft insurance rate on a new truck is 0.58cents on $100. What is the annual premium on a truck worth $3735?
$20.54
$23.87
$21.66
$25.90
5: If the sales tax rate in one state is 2% what is the sales tax to the nearest cent on a purchase of $1.59?
$0.05
$0.03
$0.15
$0.09
6: Find the excise tax, given the value $4.95 and the rate 10%.
$0.49
$0.50
$0.45
$0.52
7: Find the excise tax, given the value $18.50 and the rate 20%.
$3.55
$3.83
$3.80
$3.70
8: In one state the income tax rate is 2% on the first $3000, and 3% on the next $2000. What is the state income tax on a taxable income of $4335.45?
$106.06
$94.88
$100.06
$98.23
9: The national debt in 2005 was about $7,900,000,000,000 ($7.9 trillion). The population of the United States was about 297,000,000. If the debt were divided equally, what would the debt amount to for every man, woman, and child in this country?
$16,330.52
$26,599.32
$16,270.89
$26,531.37
10: At the end of each year the value of an automobile decreases 20% of its value at the beginning of the year. If an automobile costs $30,000, what will it be worth at the end of three years?
$15540.50
$16120.00
$14974.50
$15360.00
11: A man had a house worth $150,000. He sold it at a gain of 15%. What was the selling price?
$188,900
$172,500
$175,600
$169,400
12: A man had a house worth $150,000. He sold it at a gain of 15%. If the new owner sold it at a 15% loss on what he paid for it, how much was his loss?
$25,875.00
$26,338.50
$27,049.00
$25,314.30
13: Find the interest a bank would pay on $750 for 1/6 of a year at an annual rate of 5%.
$7.85
$7.12
$6.57
$6.25
14: If goods cost $40, the overhead is $10, and the selling price is $54, find the percent of profit based on the selling price.
6.3%
6.9%
7.4%
8.2%
15: A note for $650 due in 3 months was discounted at 8%. Find the net proceeds.
$652.00
$598.00
$637.00
$612.00
16: A man receives a salary of $5000 a month plus 5% com�mission on all sales if they are over $30,000. One month his sales were $45,000. What did he receive that month?
$7250
$5270
$5880
$6500
17: Joe works part time and receives $10.50 an hour. During one week he worked 3 hours 20 minutes, 4 hours 30 minutes, 2 hours 40 minutes, 3 hours 15 minutes, 3 hours 30 minutes, and 7 hours 45 minutes. What pay did he receive that week?
$245.00
$280.80
$301.00
$262.50
18: $200 is invested at 4% compounded semiannually. After 2 years what is the amount of the investment?
$210.12
$216.49
$221.34
$206.55
19: A man buys 100 shares of Eastern Electric at 64 3/8 . The brokerage fee is $40. What is the total cost?
$6552.42
$6477.50
$6390.89
$6605.46
20: Fire insurance has a rate of $.28 for $100 on a one-year policy and $.70 for $100 on a three-year policy. How much is saved on $8000 of insurance by taking a three �year policy?
$15.45
$16.80
$11.20
$13.42
A: Here are all the answers. I am only going to work some of the more difficult ones for you, but you should work them as well to see how they are done. The others you can do on your own, because you can figure them out if you use your head.
1. $16.24
To work a problem like this, first figure out how many $100's are in the dollar amount of coverage. Then multiply the rate times that figure:
$5,800 / $100 = 58
($0.28)(58) = $16.24
Do other problems involving insurance coverage similarly. Just make sure you divide the coverage amount by the correct dollar amount. For example, in problem #3, the rate is $16.56 per $1,000, so you would have to divide the coverage amount by $1,000 first, not by $100 as in some of the other problems, then multiply that result by the rate per $1,000.
2. $21.46
3. $49.68
4. $21.66
5. $0.03
6. $0.50
7. $3.70
8. $100.06
Total tax = (0.02)($3000) + (0.03)($4335.45 - $3000) = $60 + $40.06 = $100.06
9. $26,599.32
Just divide the total debt by the number of people in the population.
10. $15,360.00
At the end of a year, the automobile's value is 80% or 0.80 of what it was at the beginning of the year. So after 3 years, its value is given by this equation:
Current Value = New Value (0.80)³
Current Value = $30,000 (0.512) = $15,360
11. $172,500.
12. $25,875.00
First compute the old owners selling price:
($150,000)(1.15) = $172,500
Then figure the new owners loss based on the old owners selling price:
[($150,0000)(1.15)] (0.15) = ($172,500)(0.15) = $25,875.00
13. $6.25
14. 7.4%
Profit is the amount of money made on an item sold after all costs on the item are paid. This particular item sells for $54, but the total costs for the item are $50, so it makes a profit of $4 per item. To calculate the percentage profit the item made, divide the dollar profit amount by the selling price of the item, then multiply that decimal fraction by 100% to convert it to a percentage:
$4/$54 = (0.074) x 100% = 7.4%
15. $637.00
16. $7250
17. $262.50
Sum the whole hours. Then add up the minutes and convert them to hours, and add this to the whole hours. Then multiply the hourly rate by the total hours worked.
18. $216.49
The interest is paid at the rate of 2% per compounding period (4% / 2 = 2%). So after 2 years, four compounding periods have elapsed. That means the investment is then worth:
Current Value = $200 (1.02)^4
Current Value = $200 (1.08243216)
Current Value = $216.49
19. $6477.50
Total Cost = (100)($64.375) + $40
Total Cost = $6437.50 + $40 = $6477.50
20. $11.20
First, figure out how many $100's there are in $8,000:
($8,000 / $100) = 80.
Then multiply out the rate for the one-year policy and the three-year policy and compare the dollar amounts.
For one-year policy: ($0.28)(80) = $22.40
But to compare this with the three-year policy, we have to multiply the last figure by 3:
(3)($22.40) = $67.20.
For the three-year policy: ($0.70)(80) = $56.00
The difference between the two figures is the savings:
$67.20 - $56.00 = $11.20
Q: Please help me!!!?
While I was shopping inside the mall an automobile rear ended my car while it was parked in the parking lot. Of course I didn't find out until I left the store and walked up to my car and saw the damage. I don't know who hit it because it was a hit and run and they left while I was in the mall. I have a $500 deductible. If I report this to my insurance company, State Farm, will it make my insurance rates go up and will it count against me, since there is no one that I can get this on (they got away). I estimate the cost of repair will be more than $500. Should I report it or not to my insurance company? If I don't report it I will have to pay full repairs out of pocket. What do you advise in this situation?
A: First of all, you should have called the police to make a report. If you want to go through your insurance, this is recommended and do so immediately.
Depending on the type of insurance you have and where you live, the insurance company may have an uninsured/under-insured deductible which is lower than your regular "collision" deductible - hence, the importance of the police report - it helps verify the claim. If the repair is small (I'm guessing under 1,000), then your rates should not increase because of the claim.
And your other option is viable - if you want, you can always pay for repairs out-of-pocket. Good luck.