Lines 2 & 3 are parallel.
Answer:
Picture
Step-by-step explanation:
I graphed them
Answer:
-3x - 5
Step-by-step explanation:
4% simple interest after 7 years is 28% interest.
$1736 interest is 28% of $6,200
Answer:
1. The expected pay-out on each policy is 250 * 1/90 + 12000 * 1/100 + 17000 * 1/400 = $165. So that's what the premium would have to be in order to get a profit of 0.
2. The profit per policy is the premium the company receives minus the expected payout = 350 - 165 = $185.
3. The expected profit on 375 policies would be 375 * 185 = $69375
Step-by-step explanation:
