One health insurance policy pays people for claims by multiplying the claim amount by 0.8 and then subtracting $500. If a person receives a check for $4650,how much was the claim amount?
Mathematics · High School · Wed Jan 13 2021
Answered on
Given:
One health insurance policy pays people for claims by multiplying the claim amount by 0.8 and then subtracting $500.
Determine how much the clai if the person receives $4560.
Solution:
In order to determine how much the claim is we simply needed to multiply 4560 by 0.8. This is the same as taking 80 percent of the given value.
= ($4560)(0.8)
= $3648
Final answer:
= $3648