Answer:
Nick pay maximum $930
so correct option is d. $930
Explanation:
given data
health care policy = $250
co-insurance provision = 80 %
it mean claim to be paid by insurance company = 80%
and claim to be paid by Nick = 20 %
co payment cap = $1,000
claim insurance = $600
company paid = $280
total bills = $5,000
to find out
How much will Nick have to pay for the second claim
solution
we get first amount to be paid by insurance company and nick is
amount to be paid by insurance company and nick = $600 - $250
amount to be paid by insurance company and nick = $350
and
we know here 80% of $350 paid by insurance company
so paid by insurance company = 80% of $350 = $280
and paid by Nick = $350 - $280 = $70
so Limit available to co payment = $1000 - $70
Limit available to co payment = $930
so Nick pay maximum $930
so correct option is d. $930
Answer:
<em> </em><em>interest </em><em>earned</em><em> </em><em>on </em><em>both</em><em> </em><em>the </em><em>initial</em><em> </em><em>principal</em><em> </em><em>and </em><em>the </em><em>interest </em><em>reinvested </em><em>from </em><em>prior </em><em>periods </em><em>is </em><em>called </em><em><u>compound</u></em><em><u> </u></em><em><u>interest</u></em><em><u>.</u></em>
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<em>Compound </em><em>interest</em><em>.</em><em> </em><em>The </em><em>interest</em><em> </em><em>which </em><em>is </em><em>added </em><em>on </em><em>to </em><em>the </em><em>initial</em><em> </em><em>investment</em><em>,</em><em> </em><em>so </em><em>that</em><em> </em><em>this </em><em>will </em><em>itself</em><em> </em><em>gain </em><em>interest </em><em>in </em><em>subsequent</em><em> </em><em>perio</em><em>d</em><em>s.</em>
Expected rate of return is defined as the amount of money an individual gets on investment.
<h3>What is expected return?</h3>
The expected return is the amount of profit or addition on money invested that an individual who is an investor is expected to get after a periods of time on the investment.
Therefore, expected rate of return is defined as the amount of money an individual gets on investment.
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Whenever there is a shortage at a particular price, the quantity sold at that price will equal <u>more than the quantity supplied at that particular price.</u>
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Magnitude (how a lot) and multitude (what number of), the two primary types of portions, are similarly divided as mathematical and bodily. In formal terms, quantities—their ratios, proportions, order, and formal relationships of equality and inequality—are studied by using arithmetic.
Quantity, similar to variety, can be used for singular or plural nouns that you may depend on or degree. the principle distinction is that it is satisfactory to apply an amount whilst you're speakme approximately an inanimate object. but, there are instances wherein you may use quantity and wide variety interchangeably, especially whilst the noun is plural.
Quality is a judgment of how exceptional something or a person is. An example of best is a product that might not ruin without problems. An example of nice is a nicely-made product. diploma or grade of excellence.
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