He will have 30 % in 2 years which is 30.00 dollars
Always remember that percent means "out of 100". That means the 40%=40/100=.4
so 40% of 120 is equivalent to .4(120)=48
Hope I helped
Answer:
1. The expected pay-out on each policy is 250 * 1/90 + 12000 * 1/100 + 17000 * 1/400 = $165. So that's what the premium would have to be in order to get a profit of 0.
2. The profit per policy is the premium the company receives minus the expected payout = 350 - 165 = $185.
3. The expected profit on 375 policies would be 375 * 185 = $69375
Step-by-step explanation:
Answer:
the answer is D 8.8
Step-by-step explanation:
