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Inga [223]
3 years ago
11

PLZ ANSWER THIS QUICK

Mathematics
2 answers:
olganol [36]3 years ago
8 0

the awswer is C if u add all and subtract u 500


torisob [31]3 years ago
5 0

Answer:

Option A is the answer.

Step-by-step explanation:

We always calculate the net worth by subtracting total liabilities from total assets.

Therefore, net worth = Assets - Liabilities

Total assets = Car + Saving account + cash

                    = 5000 + 200 + 80

                    = $5280

Total liabilities = Car loan + Credit card + Money Owed to a friend

                        = 0 + 500 + 50

                        = $550

Therefore, net worth = $5280 - $550

                                   = $4730

Option A is the answer.

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Jade wants to buy a $200,000 term life insurance policy. She is 34 years old. Using the premium table, what is her annual premiu
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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:

\rm \$y \: face \: value : \$p \: annual \: premiun\\\\\rm \$1 \: face \: value : \$\dfrac{p}{y} \: annual \: premiun\\\\\rm \$x\:face\: value : \$\dfrac{p \times x}{y} \: annual \: premiun\\

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:

\rm \$x\:face\: value : \$\dfrac{p \times x}{y} \: annual \: premium\\\\\rm \$200000\:face\: value : \$\dfrac{6.01 \times 200000}{1000} \: annual \: premium\\ = \$1202 \: annual \: premiun

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:

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