What is the value of (x) = -3.25x + 22.41 at x = -4.2?
1 answer:
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Premium rates are usually for premium per fixed face value. Jade's annual premium for a 10 year policy is given by Option b: $1,202
<h3>How to calculate the total annual premium for $x ?</h3>If its given that the annual premium is $p per $y face value, then we can calculate the annual premium for $1 face value and then use it to calculate annual premium for $x.
Using proportions, we get:
For given case, from the tables, we see that for age 34, and 10 year life insurance for female gender , there is annual premium of 6.01 per $1000 face value.
Thus, we have p = 6.01, y = 1000
Since Jade wants to buy Life insurance for $200,000, thus, x = $200,000
Putting it in the above derived formula, we get:
Thus, Jade's annual premium for a 10 year policy is given by Option b: $1,202
Learn more about calculating annual premium cost here:
Answer:
(1,-5)
Step-by-step explanation:
The given system of inequalities are;
and
The point that is a solution will satisfy the two inequalities.
Checking for (1,-5)
and
: True
: True
This point lies in the solution region.
Checking for (1,5)
and
: False
: False
This point does not lie in the solution region.
Checking for (5,1)
and
: False
: True
This point does not lie in the solution region.
Checking for (-1,5)
and
: True
: False
This point does not lie in the solution region.
Answer:
-30% or 30% decrease
Step-by-step explanation:
What's percentage decrease?
- Percent decrease is the difference between the initial value and new value, indicating a loss of value.
- The formula to find percent decrease is
, where NV = new value and IV = initial value.
How do we solve this problem?
- We know that the original value was $60, so that represents IV. Also, now that the price is $42, it represents NV.
- Now, we plug in the values!
Therefore, the answer is 30% decrease.