The second option ! 2.54 - 2.3 = 0.24
Answer:
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Step-by-step explanation:
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When the insurance company want a plan with a deductible of $4,000, they need to charge a minimum of $18000 for premiums.
<h3>What is a deductible?</h3>
It should be noted that a deductible simply means the amount of money that is paid out of the pocket of the policy holder.
From the information given, each accident costs $18,000 on average. Therefore, this is the minimum amount of premium.
When they want a plan with a premium of $1,000, the amount that they'll need to charge for deductibles will be:
= (4000/18000) × 1000
= $220
Learn more about deductible on:
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Substitute the x and y values from (3,2).
Formula: y=mx+b
2= 3(3)+b
2-9= -7
y=3x-7
