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Suppose you have health insurance that is partially funded by the company you work for.They have agreed to pay 85% of your coverage. On a policy costing $200 a month, what will be your share of the cost? Show your work.

Respuesta :

Your company intends to pay 85% of your coverage.

For coverage of $200, your company will pay the following amount:

[tex]\begin{gathered} \frac{85}{100}\times200 \\ =170 \end{gathered}[/tex]

Therefore, your share of the cost will be the remaining amount from the total coverage. Hence

[tex]\begin{gathered} 200-170 \\ =30 \end{gathered}[/tex]

In that case, your share of the cost will be $30.

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