Trylon eager took out an $85,000, 20-year term policy at age 40. the premium per $1,000 was $5.00. he will be 60 years old this year. the premium per $1,000 will be $5.90. the percent increase to the nearest whole number is %. (enter only the number.)

Okay. So, the amount was previously $5 per 1,000. The price has gone up to $5.90. That’s a 90 cent change from the previous 5 dollars. To find the percent of change, we have to do change/original. 0.90/5 is 0.18. Multiply that by 100 to get 18. The percent increase to the nearest whole number is 18%.

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