Perpendicular lines have negative reciprocal slopes. All that means is " flip " the slope and change the sign.
slope = -2, or -2/1....so flip the slope...-1/2...and change the sign...1/2.
so the perpendicular slope would be 1/2.
Answer:
$7120 or $7565 is the minimum average premium they should charge per policy holder
Step-by-step explanation:
Small business can charge 80-85% of the total value of the policy as premium.
In this case the spending per policy holder is $8900
Hence, per policy holder has to pay a premium of
80-85% of $8900
$7120 or $7565 is the minimum average premium they should charge per policy holder
The given equations satisfy the given conditions. There are
2 equations and 2 unknowns, so a certain solution can be found.
This can be solved using substitution,
Substituting eqn 2 to eqn 1:
2(2y – 10) + 3y =1240
Simplifying,
y = 180
x = 350
