Author Question: Small surcharges added to the cost of insurance policies when the insured chooses to pay the ... (Read 109 times)

nramada · **on:** Jun 24, 2018

Small surcharges added to the cost of insurance policies when the insured chooses to pay the premiums more frequently than annually are known as insurance taxes.
Indicate whether the statement is true or false

Question 2

State Bank made a loan at 12 interest for 360 days. If the amount of interest was 934.20, use the ordinary interest method to find the amount of principal borrowed. (Round to the nearest whole dollar)
A) 9,646
B) 8,830
C) 7,785
D) 7,683