Question

A corporation pays 1/2 of the health insurance premium and an additional $200 a month toward the other benefits such as dental insurance. Your total benefit package is $450 a month. How much is your health insurance premium each month?

Answer 1

The correct answer is $500.

Explanation:

Let the premium of the health insurance for each month be $x.

Amount paid by the corporation per month as other health benefits = $200.

Total benefit package per month is $450.

The corporate pays
`(1)/(2)` of the health insurance premium and the additional payment toward the other benefits such as dental insurance.

Thus the equation stands as:

`(1)/(2)` × x + 200 = 450

⇒ x = 500.

Thus the premium of the health insurance for each month is $500.