The slope-intercept form:
m - slope
b - y-intercept
The formula of a slope:
We have two points (2, 0) and (-2, -4). Substitute:
Therefore we have the equation of a line
Put the coordinates of the point (2, 0) to the equation:
<em>subtract 2 from both sides</em>
Answer:
<u>Answer</u>:
The female would pay $322.00 less for a policy of $25,000
<u>Step-by-step explanation:</u>
Since we have given that
Amount for policy = $25000
If she opt for 20 year life insurance at $2.90 per $1000.
so, her amount of premium becomes
=$72.50
If she opt for straight life insurance at $15.78 per $1000,
Then, her amount of premium becomes
= $394.50
Difference between them is given by
$394.50-$72.5 = $322.00
