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andriy [413]
3 years ago
15

Jeanine paid an annual premium of $1,200 in total liability coverage for her car, including up to $400,000 in bodily injury cove

rage and $100,000 in property damage coverage. Twelve years into her policy, Jeanine caused an accident that resulted in the other driver claiming $40,000 in medical costs and $15,000 in car damage. Jeanine's insurance company paid the claim. Did the cost of the benefit of transferring the risk to the insurance company outweigh the cost of the premium? a.Yes, the cost of the annual premium for 12 years was more than the accident claims b.Yes, the cost of the annual premium for 12 years was less than the accident claims c.No, the cost of the annual premium for 12 years was the same as the accident claims d.No, the cost of the annual premium for 12 years was more than the accident claims
Mathematics
1 answer:
Vinil7 [7]3 years ago
3 0

The answer is B- Yes, the cost of the annual premium for 12 years was less than the accident claims.

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2 years ago
Jennifer has a savings account that earns interest at a rate of 3% per year. Jennifer deposits 1000 into the account. Which of t
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The exponential equations represents how long it will take for the account to grow to 1500 is y = 1000(b)^13.72

<h3>Exponential equations</h3>

Exponential equations are inverse of logarithmic equation. The standard exponential equation is expressed as;

y = ab^x

where

a is the base

x is the exponent

b is the rate

If Jennifer has a savings account that earns interest at a rate of 3% per year. Jennifer deposits 1000 into the account, the resulting exponential equation will be:

y = 1000(1.03)^x

If y = 1500, find the value of x

1500 = 1000(1.03)^x
1.5 = 1.03^x

ln1.5 = xln1.03
x = ln1.5/ln1.03

x = 13.72

Substitute to determine the equation

y = 1000(b)^13.72

Hence the exponential equations represents how long it will take for the account to grow to 1500 is y = 1000(b)^13.72

Learn more on exponential equation here: brainly.com/question/2456547

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Whats 8 over x-2 =24 over 7 in solving proportions NO LINKS
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Answer:

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Step-by-step explanation:

\frac{8}{x-2} =\frac{24}{7}

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