Lashaya01 Lashaya01

21-09-2022
Mathematics

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A medical insurance policy requires Harold to pay the first $550 of her hospital expense. The insurance company will then pay 75% of the remaining expense. Harold estimates the total bill to be about $20,500. Apart from that Harold also had to pay 12% of $450 fee for prescription medications and a $250 late fee if she pays the bill after September 30. How much will Harold's total payment be if he pays on October 2nd?

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ewomazinoade ewomazinoade

22-09-2022

Harold's total payment is $5,841.50.

What is Harold's total payment?

Percentage is the fraction of a quantity that is expressed as a number out of hundred. The sign used to represent percentages is %. Percentages are a measure of frequency.

The total bill Harold would pay is the sum of the first $550, 25% of the remaining bill, 12% of the fee for prescription medications and the late payment fee since she paid after September 30.

Amount of total bill that Harold would pay = (100 - 75)% x (20,500 - 550)

25% x 19,950 = $4,987.50

Amount of the prescription medications Harold pays : 12% x 450 = $54

Total bill - $550 + $4,987.50 + $54 + $250 = $5,841.50

To learn more about percentages, please check: https://brainly.com/question/25764815

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