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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Explanation:
In the given identified the following with reasons.
1. Given
2. Corresponding Angles postulate
3. Reflexive property of congruence
4. AA similarity postulate.
5. Triangle proportionate
6. Cross multiply
7. Distributive property of equality
8. Subtraction property of equality
9. Division property of equality
10. Prove
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Question: As their financial advisor, what part of Kyle and Linda's financial plan would you encourage them to work on and why?
ANSWER:
Their plan for protecting their assets.
They should have life insurance on Linda.
The volume of a cylinder changes when you adjust the height or radius as the volume either increases or reduces.
<h3>How to illustrate the volume?</h3>
Let's assume that the height and radius are 14cm and 7cm. The volume will be:
= πr²h
= 3.14 × 7² × 14
= 2154.04cm³
When the radius and height are reduced to 5cm and 9cm, the volume will be:
= πr²h
= 3.14 × 5² × 9
= 706.5cm³
This illustrates that the volume reduces when the height and radius reduces.
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