Sum of the number and its of inverse equals 0.
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:
40%
Step-by-step explanation:
6/15=favorable amount/total amount
6/15=2/5
2/5*20
Answer:
96 pints
Step-by-step explanation:
