Answer:
b is the correct answer accordingly to your question
The annual Social Security benefit is 42% of $50,760. 42% of $50,760 is $21,319.20. So Bob will receive $21,319.20 from his annual Social Security benefit.
Answer:
The expected loss is $6980
Step-by-step explanation:
From the question we are told that
The chance that a customer survives another year is p =0.96
The rate at which the policy is sold is r = $85 per month
The rate at which the policy is sold per year is R = $85 * 12 per year
= $1020 per year
The amount paid the the beneficiaries is $200,000
The expected value of profit/loss for this company is mathematically represented as
substituting values
- $6980
The negative sign shows that it is a loss
Tim would have to do 18 chores (2 chores 9 times or 1 chore 18 times) to be able to buy the video game.
Step-by-step explanation:
Step 1; Tim's parents will give him $3 for every two chores. This equals $1.50 for a single chore. He wants to save up $27 so that he can buy the video games he wants.
Step 2; The number of times he has to do the chores to be able to but the video game is a division between the money he wants to save up by the money he gets for the chores.
Number of 2 chores he needs to do = Amount of money he wants to save up / money he gets for doing two chores
= $27 / $3 = 9 times.
Number of single chores he has to do =Amount of money he wants to save up / money he gets for doing two chores
$27 / $1.50 = 18 times