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Surgical treatment of a broken arm costs $16,911. You have a $1,000 deductible and then your insurance will pay 85% of the remaining cost. Your insurance also has an out-of-pocket maximum charge of $3,500. What is your cost?

Respuesta :

Using proportions, it is found that your cost is of $12,411.

What is a proportion?

A proportion is a fraction of a total amount.

In this problem, the treatment costs $16,911, with a deductible of $1,000, hence the price is already of $15,911.

The insurance will pay 85% of the remaining cost, or $3,500, whichever is greater, hence:

0.85 x 15911 = $13,524 > $3,500.

Hence, the insurance pays only $3,500, and your cost is given by:

15911 - 3500 = $12,411.

More can be learned about proportions at https://brainly.com/question/24372153

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