Question

Your company's health insurance plan costs $585 per employee per month. There are 64 employees. Another health insurance company would charge 10 percent less. What would be the total savings per year? need help asap

Answer 1

Answer:

$44, 928

Explanation:

There are 64 employees in the company.

each employee costs $585 per month.

The total cost for all 64 employees per month will be

=64 x $585

=$37,440

The annual expenditure of employees insurance

= Monthly costs  x 12

=$37,440 x 12

=$449,280

A 10 percent savings will be

=10/100 x $449,280

=$44, 928