Question

3. A diamond ring valued at $7000 was insured at 80% of its value. What was the premium, if the rate was $6 per 1000?
A.$3.36
B.$4.20
C.$33.60
D.$42.00
E.$336.00
Ms. Sue
7000 * .8 = 5600

6(5600 / 1000) = ?
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