Question

Oliver has a medical illness that requires regular CAT scans throughout the year. His health insurance policy, through a coinsurance agreement, pays 60% of the cost for scans 1 – 5, 65% of the cost for scans 6 – 10, 70% of the cost for scans 11 – 15, and 75% of the cost for scans 16 – 20. Oliver is responsible for any scans over 20. If he receives 24 scans throughout a year at cost of $190 each, how much is Oliver’s out-of-pocket expense?

Answer 1

@mathmate

Answer 2

@arek ?

Answer 3

(190*.6)*5+(190*.65)*5 etc

Answer 4

but whats the answer to that?

Answer 5

@mathmate

Answer 6

Would you try to work it out according to @arek's formula?

Answer 7

what do you do after where he put etc

Answer 8

You keep multiply $190 by the percentage until you get to the 20th time, then he pays full price for 4 more times

Answer 9

ok!

Answer 10

wait im lost
could you help me to get to more because you added a 5 to the 6

Answer 11

@arek

Answer 12

That's because after 5 scans, the percentage he has to goes up 5%. The first 5 times he payed 60% (.6) and the second 5 times he had to pay 65% (.65)

Answer 13

would the answer be 2,565?

Answer 14

Nope. Check your calculations

Answer 15

little less or much less then that number?

Answer 16

@arek

Answer 17

@arek ??

Answer 18

I got 3225

Answer 19

ok got it!!!