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?

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Answer:

The correct answer is $500.

Step-by-step 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 [tex]\frac{1}{2}[/tex] of the health insurance premium and the additional payment toward the other benefits such as dental insurance.

Thus the equation stands as:

[tex]\frac{1}{2}[/tex] × x + 200 = 450

⇒ x = 500.

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