Question

Your insurance premium is $3400 annually. Your employer pays 80% of the premium. How much will you pay annually?

Answer 1

First, find the amount your employer will pay.

We need to 80% of 3400. First, convert the decimal into a percent. To do this, move the % sign two places the left and make it into a decimal point.

80% = 0.8

Now multiply 3400 and 0.8 together.

0.8 * 3400 = 2720

Now how much will you pay? Well, to find the answer, simply subtract 2720 from 3400.

3400 - 2720 = 680

So, you will pay $680.

Answer 2

If your insurance premium is $3400 annually. Your employer pays 80% of the premium. How much will you pay annually will be $680

Using this formula

Annual Insurance premium payment=[Insurance premium- (Insurance premium× Premium percentage)]

Let plug in the formula

Annual Insurance premium payment=[$3,400-($3,400×80%)]

Annual Insurance premium payment=$3,400-$2,720

Annual Insurance premium payment=$680

Inconclusion if your insurance premium is $3400 annually. Your employer pays 80% of the premium. How much will you pay annually will be $680.

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