Svetlana is an independent insurance broker placing various clients with any of several insurance companies. On homeowner

Question:

Svetlana is an independent insurance placing various clients with any of several insurance companies. On homeowner insurance policies, each month she receives: $20 for each renewal of an existing policy; and 5.5% of the annual premiums on all new and renewed policies 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?
Broker
A broker is someone or something that acts as an intermediary third party, managing transactions between two other entities. A broker is a person or company authorized to buy and sell stocks or other investments. They are the ones responsible for...