Sinossi
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. 1896 Excerpt: ...24. My stock of goods is worth $30,000; insured it for of its value at I%. In a fire I saved $5,000 of goods. What was my loss? Ans.: $25,168.75. 25. I paid$180 for insuring my stock for of its value at 3%. What is the value of the stock? Ans.: $9,000. 26. Mr. Jones paid $652.50 for insuring a mill worth $43,500. Find the rate. Ans.: 27. I paid $175 for insuring my house at It was de stroyed by fire. How much insurance did I procure? Ans.: $14,000. 28. What will be the annual premium on a life policy of $5,000 at $21 10 per $1,ooo? Ans.: $105.50. 29. A person 33 years of age pays $123.90 annual premium on a life insurance policy of $5,000. Find the rate. Ans.: »! 30. My building is worth $150,000 and is insured for of its value in three companies; the first takes a 1 risk at the 2d a J risk at %, and the 3d the remainder at 6. What is the premium? Ans.: $717.18. 31. My goods worth $6,000, and insured at 2%, were damaged 65%%-What did the company have to pay above the premium? Ans.: $3,810. 32. I bought 1,500 bu. of wheat at $1.10 per bushel, and had it insured at $1.20 per bushel at n%. It was all destroyed by fire; what is my gain? Ans.: $105. 33. An insurance company took a risk on a vessel for $100,000 at %, but deeming the risk too freat reinsured $60,000 at%; what was the amount rece1ved more than paid? Ans.: $225. 34. The premium at 3% is $378; what is the value of the prop erty insured? Ans.: $12,600. 35. At what must property worth $1,950 be insured at 2% so as to include premium in case of loss? Ans.: $2,000. 36. I had 9,700 bushels of wheat worth $1.20 per bushel; I had it insured at 3%, so as to cover premium and loss. For what was it insured? Ans.: $12,000. 37. For what sum must I have my property worth $2,600 in sured, premium at to cover ...
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