Answer: B. $32.50
Step-by-step explanation:
The premiums listed in brackets are for every $25,000 of coverage.
Mateo wants a $100,000 coverage so we need to divide this by $25,000 to see how much more he will have to pay:
= 100,000 / 25,000
= 4
Mateo will have to pay 4 times the $5.50 for himself:
= 4 * 5.50
= $22.00
For his spouse who requires $75,000, he will have to pay:
= 75,000 / 25,000
= 3
= 3 * 3.50
= $10.50
Total Mateo is to pay for both his spouse and himself is:
= 22 + 10.5
= $32.50
