Addition is one of the four fundamental mathematical operations. The correct option is E, None of these choices are correct.
<h3>What is Addition?</h3>
Addition is one of the four fundamental mathematical operations, the others being subtraction, multiplication, and division. When two whole numbers are added together, the total quantity or sum of those values is obtained.
1. The annual premium cost for Michael's family is $5,260. The company pays 70% of the cost. Therefore, the cost he needs to may is,
30% of $5,260
= 0.30 × $5260
= $1578
Since the premium is needed to be paid in 52 week, therefore, the premium cost per week will be,
Premium cost = $1578/52 = $30.35
Hence, the correct option is C, $30.35.
2. Brenda annual premium is $3,500. Also, her medical bills is totaling to $12,000. Therefore, the total amount that is paid by the Brenda in purchasing Insurance and paying the bill is,
Amount Brenda spend = $3,500 + $12,000 = $15,500
The policy has a $500 deductible and pays 80% of all medical costs with a stop-loss provision of a limit of $4,000 for out-of-pocket expenses, after the deductible is paid. Therefore, the amount that she can get is,
Amount she can get = $500 + $4,000 = $4,500
Now, the amount that she needs to pay from her pocket is,
Amount = $15,500 - $4, 500 = $11,000
Hence, the correct option is E, None of these choices are correct.
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