I think the first is 225 and second is 75 i’m so sorry if this is wrong this is so confusing
The answer to this question is 9
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
Answer: $1,907.63
Explanation:
It is stated in the problem that the brokerage fee is $450 plus 1.15% (meaning 1.15% of $126,750). Hence the brokerage fee is computed as follows
(Brokerage fee) = $450 + (1.15% of $126,750)
= $450 + (0.0115)($126,750)
= $450 + $1,457.625
= $1,907.625
Since there is no half cents today, we round-off the brokerage fee to the nearest cent. Hence the brokerage fee is $1,907.63.
Note: In the computation of brokerage fee, we need to change 1.15% to decimal.
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Step 2: Divide both sides by -4.
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