The balance is $145 but after one makes he minimum payment of $20, there is $125 left to pay. However interest is added before the next month’s bill is generated.
Remember that percent means out of 100. 1.5% means 1.5/100 = .015
To find 1.5% of 125 we multiply (.015)(125) = 1.875 But as this is money the interest is rounded to two decimal places and so is $1.88
We add this to 125 to get next month’s balance which is 125 + 1.88 = $126.88
The expected value of this policy to the insurance company is $285.00.
Using this formula
Policy expected value=Insurance policy charges-[(Probability × Claim)+(Probability × Claim)]
Let plug in the formula
Policy expected value=$1,300-{(.0041)($150,000)+(.08)($5,000)]
Policy expected value=$1,300-($615+$$400)
Policy expected value=$1,300-$1,015
Policy expected value=$285.00
Inconclusion the expected value of this policy to the insurance company is $285.00
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brainly.com/question/19819099
Answer: 7
Step-by-step explanation:
if Martha jarred 6 liters of jam in 2 days,
she will jarred 3 litters of jam in one day
for 21 litters she will need 7 days
21/3=7
Answer:
(2,0)
Step-by-step explanation:
7+n/4=9
Or
N/4+7=9
Or
9=n/4+7
