Two life insurance companies determine their premiums using different formulas:
1 answer:
Answer:
<em>The age at which both companies charge the same premium is 44 years</em>
Step-by-step explanation:
<u>Graph Solution to System of Equations</u>
One approach to solving systems of equations of two variables is the graph method.
Both equations are plotted in the same grid and we find the intersection point(s) of both graphs. Those are the feasible solutions.
The annual premium p as a function of the client's age a for two companies are given as:
Company A: p= 2a+24
Company B: p= 2.25a+13
The graphs of both functions are shown in the image below.
The red line indicates the formula for Company A and the blue line indicates the formula for Company B.
It can be seen that both lines intersect in the point with approximate coordinates of (44,112).
The age at which both companies charge the same premium is 44 years
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Answer:
Each person get = 20 cents
Step-by-step explanation:
Given - Maya and three friends have three quarters and one nickel to spend.
To find - If Maya and her friends share the money equally how much will each person get ?
Proof -
We know that
1 nickel = 5 cents
1 quarter = 25 cents
As they spent, 3 quarters and one nickel
So,
Total money spent = 3(25) + 5 = 75 + 5 = 80 cents
⇒Total money spent = 80 cents
Now,
Total people = 4 (Maya and three friends )
Now,
Given that, They share the money equally
So,
Each person get = = 20 cents