An insurance company pays claims for bills from a physical therapist as follows: They take the actual bill, reduce it by 15% and

Question

2 years ago

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An insurance company pays claims for bills from a physical therapist as follows: They take the actual bill, reduce it by 15% and

then they pay 50% of the remaining amount. According to this policy, what percent of the original claim do they actually pay?

Mathematics

1 answer:

Nat2105 [25] · Answer 1 · 2023-05-22T13:02:09+03:00

The percent of the original claim that they actually pay is 42.5%.

<h3>How to calculate the percentage?</h3>

From the information given, the insurance company pays claims for bills from a physical therapist as follows: They take the actual bill, reduce it by 15% and then they pay 50% of the remaining amount.

This will be:

= 0.5(1 - 0.15)

= 0.5 × 0.85

= 0.425

= 42.5%

Therefore, the percent of the original claim that they actually pay is 42.5%.

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