Final answer:
Luke's benefit for medical expenses after his 20% co-payment on expenses of 12,600 is 10,080. The co-payment amount itself is 2,520.
Step-by-step explanation:
Luke has a 20% co-payment on his medical expenses of 12,600. To calculate Luke's co-payment, we take 20% of 12,600. This is calculated by multiplying the total medical expenses by the co-payment percentage, which is 0.20.
Total Co-payment = Medical Expenses × Co-payment Percentage
Total Co-payment = 12,600 × 0.20
Total Co-payment = 2,520
Thus, Luke's benefit for medical expenses after the 20% co-payment would be the total expenses minus his co-payment:
Benefit = Total Medical Expenses - Co-payment
Benefit = 12,600 - 2,520
Benefit = 10,080
Therefore, Luke's benefit for medical expenses after accounting for his co-payment is 10,080.