the tucker family has health insurance coverage that pays 85 percent of out-of-hospital expenses after a deductible of $1,060 per person. if one family member has doctor and prescription medication expenses of $2,500, what amount would the insurance company pay?

Consumer loan interest rates are often expressed as an annual percentage rate (APR) (APR). For the right to borrow their money, lenders need a certain rate of return.

An APR is used, for instance, to quote credit card interest rates. The APR for the mortgage or borrower in the aforementioned scenario is 4%.

The cost of borrowing money is called interest, and it is typically stated as a percentage, such as an annual percentage rate (APR). Lenders may get interest for the use of their money, or borrowers may pay interest for the use of their money.

Payout after deductible=2800-740=$2060

Total coverage = 85%

Payout=0.85*2060=$1,751

Hence the company shall pay $1,751.

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