Homework Help: algebra

Posted by lisa on Monday, August 29, 2011 at 6:39pm.

One health insurance policy pays for people claims by multiplying the claim amount by 0,8 and then subtracting$500. Define a variable and write an equation for this situation. Find the claim amount for an insurance payment of $4650

algebra - MathMate, Monday, August 29, 2011 at 6:54pm
$4650 represents the amount after the deductible of $500.
So before the deductible of $500, the insurable amount was $4650+500=$5150.
Since the payment rate is 0,8, the claimed amount was:
$5150/0,8=$6437,50

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