Purchasing Family Plan

Discussion in 'Algebra' started by nycmathguy, Jul 31, 2022.

  1. nycmathguy

    nycmathguy

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    A certain health insurance plan costs $3000 per year for a family of six. If each member of the family has $750 in medical expenses in a year, and the plan pays 100% of those expenses, how much will the family save by purchasing the plan?

    A. $1500

    B. $2000

    C. $2500

    D. $3000

    Let me see.

    6 members at $750 pee member.

    The plan pays 100% of those expenses.

    So, 1.00 x 750 = 750.

    Then 6($750) = $4500.

    Let s = how much the family will save by purchasing the plan.

    s = $4500 - $3000

    s = $1500
     
    nycmathguy, Jul 31, 2022
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  2. nycmathguy

    MathLover1

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    correct
     
    MathLover1, Aug 1, 2022
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    nycmathguy likes this.
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  3. nycmathguy

    nycmathguy

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    It feels good to be right.
     
    nycmathguy, Aug 1, 2022
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