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. 1902 Excerpt: ...'"""--'""' $2500 X-02, which is $62.50. 210. Fokmula.--Sum insured x rate /o = premium. Problems. Find the premium for insuring--1. A house for $3500, at 2%; for $3750, at f %. 2. A cargo of dry-goods for $8000, at f %; for $12500, at %. 3. A drove of horses for $7500, at f0 for $9000, at %. 4. A factory worth $10000 ...
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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. 1902 Excerpt: ...'"""--'""' $2500 X-02, which is $62.50. 210. Fokmula.--Sum insured x rate /o = premium. Problems. Find the premium for insuring--1. A house for $3500, at 2%; for $3750, at f %. 2. A cargo of dry-goods for $8000, at f %; for $12500, at %. 3. A drove of horses for $7500, at f0 for $9000, at %. 4. A factory worth $10000 insured for f of its value, at lWo 5. What must a merchant pay for $7500 insurance on his store at 2%, and $10250 on his goods at 4 6. A factory worth $12000 is insured for f of its value at 24%, and the cost of the survey and policy is $1.50. What is the entire cost of the insurance? 7. At i of 1% a month, what will be the cost of insuring goods worth $3800, which remain in store 3 months? 217. If an insurance of $2800 costs $42, what is the rate? Solution. Explanation.--Since the pre Premium-t-sum insured = rate %. mium is the product of the sum $4$-h $2800 =.015, or lifc. inured and the rate %, the rate % must be the quotient of the premium, $42, divided by the sum insured, $2800, which is.01 J, or 1 j %, the rate required. 218. Formula.--Premium-t-sum insured = rate %. Problems. Find the rate of insurance--8. If an insurance of $1800 costs $36; if $24; if $15. 9. If $100 are paid for an insurance of $12500 on goods. 10. If it costs $237.50 to insure a planing-mill for $4750. 11. If the premium for insuring of a house valued at $7800 is $39. If the premium for a perpetual insurance is $87.75. 219. What is the sum insured which cost $24, at 1/o? Solution. Explanation.--Since the premium Prem.-s-rate % = sum insured, is the product of the sum insured and $2Jf---.015 = $1600. the rate fo, the sum insured must be the quotient of the premium, $24, divided by the rate %, .015, or $1600. 220. Formula.--Premium-. ...
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