Given that the number is x,
10% increase will give us a new number of:
110/100*x
=1.1x
10% decrease will give us a new number of:
90/100*1.1x
=0.99x
This implies the new number is less than the original number
Answer:
Avicenna can expect to lose money from offering these policies. In the long run, they should expect to lose ___33__ dollars on each policy sold
Step-by-step explanation:
Given :
The amount the company Avicenna must pay to the shareholder if the person die before 70 years = $ 26,500
The value of each policy = $497
It is given that there is a 2% chance that people will die before 70 years and 98% chance that people will live till the age 70.
The expected policy to be sold= policy nominal + chances of death
= 497 + [98% (no pay) + 2% (pay)]
= 497 + [98%(0) + 2%(-26500)]
(The negative sign shows that money goes out of the company)
= 497 - 2% (26500)
= 497 - 530
=33
Therefore the company loses 33 dollar on each policy sold in the long run.
Step-by-step explanation:
option D is answer coz parallelograms and rectangles have the angle greater than 90°……
Answer:
$17,771.92
Step-by-step explanation:
A = P (1 + r/n)^nt
A = Future value (the answer you're trying to find)
P = Initial deposit ($1000)
R = Interest rate (8.25%; this will be represented as a decimal in the equation (.0825))
N = # of times interest is compounded per unit t (12)
T = Time (35)
35 * 12 = 420
1000 (1 + .0825/12)^420
1000(1.006875)^420
1000*17.77191635
A = $17,771.92 (rounded to the nearest hundredths)
The number is 6.25.
We will set up an equation for this. Let x be the unknown number. Subtracting 1.05 from it gives us
(x-1.05)
Multiplying the difference by 0.8 would give us
0.8(x-1.05)
Adding 2.84 to the product would give us
0.8(x-1.05)+2.84
Dividing the sum by 0.01 would give us
[0.8(x-1.05)+2.84]/0.01 = 700
We will start working backward, cancelling the division by 0.01 first by multiplying:
([0.8(x-1.05)+2.84]/0.01)*0.01 = 700*0.01
0.8(x-1.05)+2.84 =7
Subtract 2.84 from both sides:
0.8(x-1.05)+2.84-2.84 = 7-2.84
0.8(x-1.05) = 4.16
Use the distributive property on the left side:
0.8*x - 0.8*1.05 = 4.16
0.8x - 0.84 = 4.16
Add 0.84 to both sides:
0.8x - 0.84+0.84 = 4.16+0.84
0.8x = 5
Divide both sides by 0.8:
0.8x/0.8 = 5/0.8
x = 6.25
