Question

Jayce’s insurance company pays for 90% of the cost of an ambulance ride, after he pays a $250 deductible. The ambulance ride costs $1400. How much would Jayce pay for an ambulance ride?

Answer 1

To answer this question you would subtract the $250 deductible from $1400. The answer would be $1150 remaining After the deductible. You would then pay 10% of this $1150 for your cost. 0.10 times $1150 =$115. Add the $115 to the $250 deductible and your total cost would be $365.

Answer 2

The amount which would Jayce pay for an ambulance ride for the claim to the Jayce’s insurance company is $365.

What is deductible amount?

The deductible amount is the amount which has to be paid by the customer against an insurance lost.

This amount is subtracted from the insurance amount, which one is claimed against the claim.

Jayce’s insurance company pays for 90% of the cost of an ambulance ride, after he pays a $250 deductible.

As the ambulance ride costs $1400. Thus the ambulance cost after the deductible is,

$C=1400-250\\C=1150$

Here, the Jayce’s insurance company pays for 90% of the cost of an ambulance ride. Thus, the 10 percent amount should be pay by the Jayce's.

Now, the amount which is left after the insurance company paid to Jayce's is,

$A=\dfrac{10}{100}\times1150\\A=115$

Hence, the total amount paid by Jayce is,

$A=115+250\\A=365$

Hence, the amount which would Jayce pay for an ambulance ride for the claim to the Jayce’s insurance company is $365.

Learn more about the deductible here;

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