Mathematics, 07.03.2020 17:20, nathangirnet
An insurance company has a merit rating system for customers who have not filed a claim in the previous year. For each year that a customer does not file a claim, their rate is reduced by 15%, and a credit of $5 is awarded. If a customer did not file a claim in the nth year, which equation shows the customer's rate in the (n + 1)th year as a function of their rate in the nth year? A. F(n + 1) = f(n) - 0.15f(n) - 5 B. F(n + 1) = f(n) - 0.15f(n) + 5 C. F(n + 1) = f(n) - 0.15f(n) - 10 D. F(n + 1) = f(n) + 0.15f(n) - 5
Answers: 3
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