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15 April, 04:51

With a certain medical insurance policy, the customer must first pay an annual $100 deductible, and then the policy covers 60 % of the cost of x-rays. The first insurance claims for a specific year submitted by a person are for two x-rays. The first x-ray cost $690 , and the second x-ray cost $930. How much, in total, will he need to pay for these x-rays?

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  1. 15 April, 05:05
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    The net amount to be paid = $ 548

    Explanation:

    Given;

    Annual deductible amount paid by the customer = $ 100

    The share paid by the policy cover = 60%

    The share paid by the customer = 100% - 60% = 40%

    The cost of the first x-ray = $ 690

    The cost of the second x-ray = $ 930

    The total amount paid for the x-ray = $ 690 + $ 930 = $ 1620

    The amount paid by the customer = 40 % of the total x-ray cost

    or

    = 0.4 * $ 1620

    or

    = $ 648

    Also, the $ 100 deductible amount is already paid by the customer

    therefore, the net amount to be paid by the customer = $ 648 - $ 100

    or

    The net amount to be paid = $ 548
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