Answer:
Step-by-step explanation:
<u>Use of formula:</u>
- P(A and B) = P(A)*P(B|A) and
- P(A and B) = P(B)*P(A|B)
<u>According to above and based on given:</u>
- P(A)P(B|A) = P(B)P(A|B)
- P(B|A) = P(A|B)*P(B)/P(A)
- P(B|A) = 0.20*0.40/0.25 = 0.32
Answer:
B
Step-by-step explanation:
Answer:
9b-12<9b+8
Step-by-step explanation:
b<20
The amount more annually a $115,000 10-year term insurance at age 35 cost Bernard than someone of the same age without health issues is $24.
<h3>What are insurance premiums?</h3>
The insurance premium is paid as a cost to cover a possible loss that is unseen.
The annual premium rate as a percentage of the value insured a person at age 35 has to pay is 0.14%.
From the given information, we have that the amount a 35-year-old without health issues will pay per $1,000 is $1.40
The amount to be paid for $115,000 is 115 × $1.4 = $161
The amount Bernard pays = 15% more
= 1.15 × $161
= $185.15
Therefore,
The amount more Bernard has to pay = $185.15 - $161
= $24.15 ≈ $24
Learn more about insurance premiums here:
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