Assume that you have a car worth $7100 and you wish to insure it for its full replacement value if it is stolen. If there is a 1% chance that the car will be stolen, what would a fair premium price be?
a. $56.68 b. $84.04 c. $75.72 d. $71.72
2007-12-09 17:22:10 · 3 answers · asked by Chris 1 in Science & Mathematics ➔ Mathematics
whew, you sure have a lot of math questions here on yahoo answers. sounds like you need to simply review/re-learn the whole chapter or whatever it is. getting someone to simply tell you the answer or look it up for you is pathetic. you need to be a man and actually work for yourself, not expect others to do it for you.
2007-12-09 17:29:13 · answer #1 · answered by Anonymous · 0⤊ 0⤋
-99%(x) + 1%(7100) = 0
99x = 7100
x = 71.72
2007-12-10 10:05:09 · answer #2 · answered by Philo 7 · 0⤊ 0⤋
idk sry
thats tricky
2007-12-10 01:26:12 · answer #3 · answered by Anonymous · 0⤊ 0⤋