We need to determine the term life insurance amount per thousand on a 22-year-old female for a 5-year policy given that the face value of the policy is $600,000 and the annual premium is $1332.
Since we are supposed to find the term life insurance amount per thousand, therefore, we will use the following formula:
Upon substituting the values of annual premium and face value of insurance, we get:
Therefore, the required life insurance amount is $2.22.
There are 25 $10 bills and 11 $20 bills.
Step-by-step explanation:
Given,
Worth of proceeds from garage = $470
Let,
x be the number of $10 bills
y be the number of $20 bills.
According to given situation;
10x+20y=470 Eqn 1
x = y+14 Eqn 2
Putting value of x from Eqn 2 in Eqn 1
Dividing both sides by 30
Putting y=11 in Eqn 2
There are 25 $10 bills and 11 $20 bills.
Keywords: linear equation, substitution method
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