Carol Byrd gets a student rate of $30.00 a month for health insurance. There is a $250 deductible. She recently received treatment for a covered condition. The bill was $2,300.00. Carol's insurance company provided payment of 80% of the bill less the deductible.
What was the company's payment? $
What was Carol's total cost (ignoring the monthly premium)? $
WRONG
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To calculate the insurance company's payment, we need to find 80% of the bill amount after subtracting the deductible. To calculate Carol's total cost, we need to find the remaining percentage of the bill after the insurance company's payment.
Step 1: Subtract the deductible from the bill amount
$2,300.00 - $250.00 = $2,050.00
Step 2: Find 80% of the adjusted bill amount
80% of $2,050.00 = (80/100) * $2,050.00 = $1,640.00
Therefore, the insurance company's payment is $1,640.00.
Step 3: Calculate Carol's total cost by subtracting the insurance payment from the bill amount
$2,050.00 - $1,640.00 = $410.00
Therefore, Carol's total cost (ignoring the monthly premium) is $410.00.
2300 - 250 = 2050
80% of 2050
.8* 2050 = 1640
2050-1640 = 410
Carol paid $410