O Quiz: Final Exam Part son instructure.com/courses/12311/quizzes/71205/take ay

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O Quiz: Final Exam Part son instructure.com/courses/12311/quizzes/71205/take ay Watch M:Dashboard | Credit K i> My account Hear the tracks you~ DQuestion 41 2 pts NoFrills.com, an Internet-based auto insurance company, is offering a year's monthly billing service at no extra charge to the next 5,000 new policyholders. If it costs NoFrills.com $22.50 more every year to send each policyholder monthly bills than it does to send bills twice a year, how much will the promotion cost the company? Question 42 2 pts Cli

Explanation / Answer

1. Let per customer cost per year be x 2. 5000 customer every month will cost 5000x 3. 5000 customer every 6 month will cost 5000*x/6 4. Given, 5000x=5000*(x/6+22.5) 5/6*5000x=22.5*5000 x=27 6. Total cost to company= 5000*27 $            135,000

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