Mathematics, 06.06.2020 00:58 jaceechesick
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 $15 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?
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