Murakami's Annual premium which is the total value of medical insurance in a year is $5408
- Percentage paid by employer = 85%
- Percentage paid by worker = 15%
- Number of weeks in a year = 52
Annual deduction from worker's salary = 52 × 15.60 = $811.2
15% of annual premium = 811.2
Let annual premium = p
Therefore,
15% × p = 811.2
0.15p = 811.2
Divide both sides by p
p = 811.20 / 0.15
p = $5408
Therefore, his annual premium is $5408
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