Svetlana is an independent insurance broker placing various clients with any of several insurance companies. On homeowner insurance policies, each month she receives: (i) $20 for each renewal of an existing policy, (ii) $35 per policy placed with a new client, and (iii) 5.5% of the annual premiums on all insurance policies (both new and renewals) written in the month. In October, she placed 37 new-client policies representing $14,375 in annual premiums and 126 policy renewals representing $47,880 in annual premiums. What amount did Svetlana earn in October?

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The Answer of Svetlana is an independent insurance broker placing various clients with any of several insurance companies. On homeowner insurance policies, each month she receives: (i) $20 for each renewal of an existing policy, (ii) $35 per policy placed with a new client, and (iii) 5.5% of the annual premiums on all insurance policies (both new and renewals) written in the month. In October, she placed 37 new-client policies representing $14,375 in annual premiums and 126 policy renewals representing $47,880 in annual premiums. What amount did Svetlana earn in October?

Svetlana Is an Independent Insurance Broker Placing Various Clients with Any