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Verified Answer :

You pay $150 + 20% of amount of bill above $150 

$150 + 20% ($624−$150) 
= $150 + 0.2 ($474) 
= $244.80
The answer is $244.80

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The amount to be paid given a coverage of 80% and $150 deductible on a bill of $624 is $244.8

  • Deductible = $150

  • Coverage = 80%

Percentage of bill to be paid :

  • (100% - 80) × (bill amount - coverage)

20% × (624 - 150)

0.2 × $474 = $94.8

The total amount to be paid will be :

Percentage + Deductible

$150 + $94.8 = $244.8

Therefore, the amount to be paid will be $244.8

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