Question

Evan Griffin has $15.60 deducted weekly for family medical insurance. His employer pays 85% of the cost. What is the annual premium?
(Add steps, along with answer though).

Answer 1

We can consider that $15.60 is 15% of the weekly family medical insurance. We need to know how much is the total cost of the family medical insurance:

15.60 x 100/15 = 104

We know that, in one year, there are, most of the time, 52 weeks, we can deduce that the annual premium will be of:
104 x 52 = $5408