The amount more annually a $115,000 10-year term insurance at age 35 cost Bernard than someone of the same age without health issues is $24.
<h3>What are insurance premiums?</h3>
The insurance premium is paid as a cost to cover a possible loss that is unseen.
The annual premium rate as a percentage of the value insured a person at age 35 has to pay is 0.14%.
From the given information, we have that the amount a 35-year-old without health issues will pay per $1,000 is $1.40
The amount to be paid for $115,000 is 115 × $1.4 = $161
The amount Bernard pays = 15% more
= 1.15 × $161
= $185.15
Therefore,
The amount more Bernard has to pay = $185.15 - $161
= $24.15 ≈ $24
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B. 21.39 because I said so and I did all the calculations and apparently I need more than 20 words but there is your answer enjoy
Answer:
(a) Verified
(b) They are simultaneous equations
Step-by-step explanation:
Given


Required
Verify that:
is a solution
We have:

Substitute:

Evaluate all products

Subtract:

<em>Because both sides of the equation are equal, then the point is a solution</em>
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Also: 
Substitute:

Evaluate all products

Subtract:

<em>Because both sides of the equation are equal, then the point is a solution</em>
<em></em>
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Because the given point is a solution to both equations, then they are simultaneous equation
±1/2. The equation
has two possible solutions +1/2 and -1/2.
The problem is a quadratic equations and it can be solved using the equation
.
Ordering the quadratic equation given in the problem, we obtain
where a = 4, b = 0, and c = -1
Substituting the values
