Question

Help! I'll give you a medal!

Percy started a new job and must enroll in a new family health insurance plan. One of the options involves prescription drug coverage. Percy estimates that he and his family will fill 4 prescriptions per month, totaling $450. Which option would result in the lowest overall cost for Percy?

$120 monthly premium; $14 copayment per prescription

$160 monthly premium; $10 copayment per prescription

$50 monthly premium; 80% coverage for first $500 in prescription costs, then 90% coverage for all prescription costs over $500

$86 monthly premium; 70% cov

Answer 1

$86 monthly premium; 70% coverage for all prescription cost

For choice A , I got $175.00 ,
Choice B $200
Choice D $221.00

Choice C I need help on . I don't know how to solve for it! Help please

Answer 2

This is advanced algebra with financial application by the way.

Answer 3

in C : 80% coverage for first $500 in prescription costs, then 90% coverage for all prescription costs over $500
so for example if we have prescription costing $700 , the coverage will be
80% of $500 + 90% of (700-500)

here the total prescription costing is $450 which is less than $500
so the coverage is 80%

so work as if it is
$50 monthly premium; 80% coverage for prescription cost