Answer:
$160
Step-by-step explanation:
In the monthly payment option she would pay $80 per month, therefore in a year (12 months) she would pay:
$80*12 = $960
We can see that this amount is greater than the $800 she would pay in the lump sum payment option.
The money she would save is:
$960 - $800 = $160
She would save<u> $160 yearly</u> with the lump sum payment option.
Answer:
-26/5 or -5.2
Step-by-step explanation:
First, you need to expand the parentheses:
50x+500=240
Now, subtract 500 from both sides:
50x=-260
Now, divide both sides by 50
x=-26/5=-5.2
Hope this helps!
Answer:
2534.081
Step-by-step explanation:
They won 20/30, so 100 / 30 = 3.3, then times by 20 = 66.66.
Hope this helps.
The amount more annually a $115,000 10-year term insurance at age 35 cost Bernard than someone of the same age without health issues is $24.
<h3>What are insurance premiums?</h3>
The insurance premium is paid as a cost to cover a possible loss that is unseen.
The annual premium rate as a percentage of the value insured a person at age 35 has to pay is 0.14%.
From the given information, we have that the amount a 35-year-old without health issues will pay per $1,000 is $1.40
The amount to be paid for $115,000 is 115 × $1.4 = $161
The amount Bernard pays = 15% more
= 1.15 × $161
= $185.15
Therefore,
The amount more Bernard has to pay = $185.15 - $161
= $24.15 ≈ $24
Learn more about insurance premiums here:
brainly.com/question/3053945
