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The equation y=8.50x + 33 can be used to estimate the monthly premium y of a $250,000 term life insurance policy for a male smoker who is more than 40 year old. In this equation, x is the age of a man above 40. For example, a 60 year old male smoker, x =20. Estimate the monthly insurance premium for a 48-year old male smoker. (Show all work)

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MrRoyal

Answer:

$101

Step-by-step explanation:

Given

[tex]y = 8.50x + 33[/tex]

[tex]x \to[/tex] age above 40

Required

Insurance for 48 years old

First, we solve for x

[tex]x = 48 - 40[/tex]

[tex]x = 8[/tex]

So, we have:

[tex]y = 8.50x + 33[/tex]

[tex]y = 8.50 * 8 + 33[/tex]

[tex]y = 68 + 33[/tex]

[tex]y = 101[/tex]

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