An insurance company states in its automobile insurance policy that in case of an accident, it uses the formula P = (x - x^4/5) (y-18 / 50) to determine how much to reimburse a policyholder, where x is the value of the car at the time of the accident and y is the age of the person driving. The policyholder must sign a document indicating agreement with this procedure for determining reimbursement amounts. Joe, a 70 year old policyholder, was driving his car when he had an accident. The car was valued at $7800 at the time of the accident. The insurance company sends him a check for $7760.84. Use the formula above to find the amount he should have been reimbursed. Should Joe contact the insurance company and report this mistake?
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
An insurance company states in its automobile insurance policy that in case of an accident, it uses the formula P = (x - x^4/5) (y-18 / 50) to determine how much to reimburse a policyholder, where x is the value of the car at the time of the accident and y is the age of the person driving. The policyholder must sign a document indicating agreement with this procedure for determining reimbursement amounts. Joe, a 70 year old policyholder, was driving his car when he had an accident. The car was valued at $7800 at the time of the accident. The insurance company sends him a check for $7760.84. Use the formula above to find the amount he should have been reimbursed. Should Joe contact the insurance company and report this mistake?
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