Question

Zeb's health insurance premium is supposed to increase by 12 percent next year. Assuming he currently pays $107 a month for coverage, how much will he pay next year?

Answer 1

Zeb will pay $119.84 per month from next year.

Explanation:

Given

Monthly Payment of Zeb's health insurance = $107

Percentage increase = 12%

In order to find the insurance premium for next year we have to find the 12% of current insurance

`increase = 12\%\ of\ 107\\= 0.12*107\\=12.84`

Zeb will have to pay previous monthly insurance plus increase each month from next year

`= 107+12.84 = 119.84`

Hence,

Zeb will pay $119.84 per month from next year.