The company will pay $550 per year for your health insurance. what is the monthly amount they will pay?

a. $45.83
b. $46.50
c. $47.65
d. $48.26

A. $45.83

Step-by-step explanation:

This problem can be solved by a simple rule of three.

Each year has 12 months. The company will pay $550 per year for your health insurance. This means that in 12 months, the company will pay $550.

What is the monthly amount they will pay?

This is how much they are going to pay in one month. So:

1 month - $x

12 months - $550

So the correct answer is:

A. $45.83

you forgot an image

step-by-step explanation:

answer: c, the green line

step-by-step explanation:

there is no black line, eliminate b.

simple interest implies periodic payments, but the red line shows no payments, eliminate d.

simple interest has equal payments. if paid say every day, the graph is about a straight line (actually a stairstep).

the yellow line is not straight, eliminate a.

check: the green line is straight, answer is c.

simple interest with positive interest rate gives a straight line sloping up to the right. green line:

g(t) = $100 + ($200-$100) ÷ (20 years) × (t years)

= $100 + (4%/year) × ($100)(t years)

incidentally, the yellow line curving upward represents continuously compounded interest

y = $100 × 2^(t years / (14 assuming the yellow line hits $200 at 14 years. 2^0 is 1, so y(0) = $100; 2^(14/14) is 2, so y(14) = $200.