When the insurance company want a plan with a deductible of $4,000, they need to charge a minimum of $18000 for premiums.
<h3>What is a deductible?</h3>
It should be noted that a deductible simply means the amount of money that is paid out of the pocket of the policy holder.
From the information given, each accident costs $18,000 on average. Therefore, this is the minimum amount of premium.
When they want a plan with a premium of $1,000, the amount that they'll need to charge for deductibles will be:
= (4000/18000) × 1000
= $220
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Answer:
3
Step-by-step explanation: There are 3 terms there
Answer: B
Step-by-step explanation:
1. Multiplying two negatives equals a positive.
2. Reduce the numbers with the GCF, 3.
3. Reduce the numbers with the greatest common factor, 2.
4. Multiply the fractions which would give you: 5/6
Answer:
0.2875 or rounded to 0.29
Step-by-step explanation:
She would need $5.64
(Not sure if correct but this is what I got)
