To solve this problem, we must imagine the triangles and
parallel lines which are formed. It is best to draw the triangle described in
the problem so that you can clearly understand what I will be talking about.
The first step we have to do is to make an equality equation
in triangle ABC.
In triangle ABC, we are given that lines XY and BC are two
parallel lines (XY || BC). Therefore
this means that:
AX / XB = AY / YC --->
1
The next step is to make an equality equation in triangle
AXC.
We are given that lines ZY and XC are two parallel lines (ZY
|| XC). Therefore this also means that:
AZ / ZX = AY / YC ---> 2
Combining 1 and 2 since they have both AY / YC in common:
AX / XB = AZ / ZX
we are given that:
AZ = 8, ZX = 4 therefore AX = AZ + ZX = 12, hence
12 / XB = 8 / 4
XB = 6
Answer:
About $437.25
Step-by-step explanation:
Using the table which gives the annual premium per $1000; the premium paid annually by the 40 year old male is $437.23
The total annual premium = $75000
Using the data in the table :
Annual premium per $1000 of coverage for a 40-year old male with a 10 - years life insurance policy = $5.83
The annual premium for $75,000 ;
Premium per $1000 × ($75000/$1000)
Annual premium = $5.83 × ($75,000/1000)
Annual premium = $5.83 × 75 = $437.25
Hence, the annual premium for the lifetime insurance based on the stated conditions is $437.25
The last statement is true
The amount of money you have is $ 20864.521
<h3><u><em>
Solution:</em></u></h3>
Given that you invested $15,000 dollars for 11 years at 3% annual interest compounded continuously.
To find: total amount of money
<em><u>The compound interest formula for compounded continously is given as:</u></em>
Where "p" is the principal
"r" is the rate of interest
"t" is the number of years
Here in this problem, p = 15000
t = 11 years
<em><u>Substituting the values in formula we get,</u></em>
Thus the amount of money you have is $ 20864.521
