Question

You are considering changing insurance companies. Your current company charges you $1500 per year for homeowners insurance plus $300 quarterly (every 3 months) for car insurance. Save with us insurance company will charge you $1300 per year for homeowners insurers and $1400 per year for car insurance. Which company gives you the best deal?

Answer 1

First, write an equation for each scenario.

$300 quarterly is equivalent to $1200 a year.

The first equation is y= 2700x.

The second equation is y=2700x.

The answer is both; their deals are the same.