Question

Find the annual premium amount. (From Example 2) 3. Lars Olsen authorized a deduction of $163.75 from his monthly pay for group health insurance. His employer pays 45% of the cost. What is the annual amount for his group health insurance? 4. Rhonda Martin has $215.25 deducted from her semimonthly pay for group health insurance. Rocky Mountain Auto Parts, her employer, pays 60% of the cost. What is the annual premium amount for Rhonda's group health insurance?

          Find the annual premium amount. (From Example 2)
3. Lars Olsen authorized a deduction of $163.75 from his monthly pay for group health insurance. His
employer pays 45% of the cost. What is the annual amount for his group health insurance?
4. Rhonda Martin has $215.25 deducted from her semimonthly pay for group health insurance. Rocky
Mountain Auto Parts, her employer, pays 60% of the cost. What is the annual premium amount for Rhonda's
group health insurance?

Show more…

Find the annual premium amount. (From Example 2)
3. Lars Olsen authorized a deduction of 163.75 from his monthly pay for group health insurance. His
employer pays 45% of the cost. What is the annual amount for his group health insurance?
4. Rhonda Martin has215.25 deducted from her semimonthly pay for group health insurance. Rocky
Mountain Auto Parts, her employer, pays 60% of the cost. What is the annual premium amount for Rhonda's
group health insurance?

Added by Melinda S.

Calculus: Early Transcendentals

James Stewart 8th Edition

Instant Answer

Solved by Expert Madhur L

07/11/2023

Step 1

- Lars pays $163.75, which is 55% of the total cost (since his employer pays 45%). - Let the total monthly premium be \( x \). - \( 0.55x = 163.75 \) - Solve for \( x \): \( x = \frac{163.75}{0.55} \) Show more…

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Transcript

00:01 Hi here for the given question.

00:04 We are given that here the deduction from monthly pay reduction is equal to 163 point 75 dollars now here further for the next part.

00:18 The value of employers pay is equal to 45 percentage of the cost.

00:25 So here now, let us denote monthly premium as p.

00:36 So here in our case we can say that lars oslund pays 100 percentage minus 45 percentage, which is equal to 55 percentage of the premium.

00:52 So here in our case, we know that 55 percentage of premium is equal to 163 point 75 dollars.

01:00 So here further now calculating this value.

01:03 We can say that premium is equal to 163 point 75 divided by 0 .5.

01:10 So calculating this value here.

01:13 We have this value equals to 297 point 73.

01:17 This is for the one month.

01:18 There are 12 months.

01:19 So the premium for the 12 months can be written as 12 multiplied with 297 point 73 dollars.

01:27 So this is equal to 3572 point 76 dollar.

01:32 So here for the first part we can say that we got our required solution as the total premium is equal to 3572 point 76 dollars.

01:46 So this is the solution of the first part.

01:49 Now here we need to calculate for the second part...

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