Respuesta :
Answer:
A. 60%
B. $1415
C. $849.
Step-by-step explanation:
We have been given that John Maynord pays a $566.00 annual insurance premium. This represents 40% of the total premium. The rest of the premium is paid by his employer.
A. Since John pays 40% of his premium and rest of the premium is paid by his employer. This means that his employer pays 60% (100-40) of the premium, therefore, the company's percentage will be 60%.
B. Let x be the total amount of the premium.
As 40% of the premium is $566, so we need to find x such that 40% of x is $566.
We can represent this information in an equation as:
[tex]\frac{40}{100}*x=\$566[/tex]
[tex]0.40*x=\$566[/tex]
[tex]\frac{0.40*x}{0.40}=\frac{\$566}{0.40}[/tex]
[tex]x=\$1415[/tex]
Therefore, the total amount of premium is $1415.
C. As company pays 60% of premium, so to find the company's payment we will find 60% of $1415.
[tex]\text{The company's payment}=\frac{60}{100}*\$1415[/tex]
[tex]\text{The company's payment}=0.60*\$1415[/tex]
[tex]\text{The company's payment}=\$849[/tex]
Therefore, the company's payment is $849.
