What is the total premium and taxes for the insurance policy?
Understand the Problem
The question is asking to calculate the total premium and taxes for an insurance policy based on the given options. It implies a need to determine which of the provided figures represents this total.
Answer
$C = P + T$
Answer for screen readers
The total cost of the insurance policy can be expressed as $C = P + T$.
Steps to Solve
- Identify the components of the total cost
The total cost of the insurance policy will include both the premium and taxes. Let's denote:
- The premium as $P$.
- The taxes as $T$.
- Add premium and taxes
To find the total cost $C$, we use the equation:
$$ C = P + T $$
- Substitute values from the options provided
Once you have the values for $P$ and $T$ from the listed options, substitute them into the equation above to find the total.
- Compare with the given options
Match your calculated value $C$ with the values provided in the options to identify the correct answer.
The total cost of the insurance policy can be expressed as $C = P + T$.
More Information
Understanding how the total cost is formulated is crucial. Insurance policies often include additional taxes or fees, making it important to account for them alongside the base premium.
Tips
- Forgetting to include either the premium or taxes when calculating the total.
- Not checking that the values used are from the correct options provided in the question.
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