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ALGEBRA Ishiro Murakami has $15.60 deducted weekly for
family medical insurance. His employer pays 85% of the cost.
What is the annual premium?

Sagot :

fichoh

Murakami's Annual premium which is the total value of medical insurance in a year is $5408

  • Percentage paid by employer = 85%
  • Percentage paid by worker = 15%
  • Number of weeks in a year = 52

Annual deduction from worker's salary = 52 × 15.60 = $811.2

15% of annual premium = 811.2

Let annual premium = p

Therefore,

15% × p = 811.2

0.15p = 811.2

Divide both sides by p

p = 811.20 / 0.15

p = $5408

Therefore, his annual premium is $5408

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