Question

Rayshad has $238.12 deducted from his monthly pay for group health insurance. His employer pays 85% of the cost. What is the annual premium?

Answer 1

$238.12

85%

238.12 --------------------- 15%

x ---------------------- 100%

x = (100 x 238.12) / 15

x = 1587.5

Annual premium = 12 x 1587.5

Annual premium = $19050