To find the rate of the claims paid, simply divide (where x is the rate of the claims paid) :
[tex] x =\frac{3900}{4500} =0.8666[/tex]
Since you need it in a percent form, move the decimal two times to the right and add a percent sign (your answer is):
86.67%. Hope I could help!
Answer:
86.67%.
Step-by-step explanation:
We have been given that the insurance company pays the full cost of 3,900 prescriptions claims out of 4,500 prescriptions claims submitted. Â
To solve our given problem, we need to find 3,900 is what percent of 4,500.
[tex]\text{Percent of the claims paid}=\frac{3,900}{4,500}\times 100[/tex]
[tex]\text{Percent of the claims paid}=0.8666666\times 100[/tex]
[tex]\text{Percent of the claims paid}=86.66666\%[/tex]
[tex]\text{Percent of the claims paid}=86.67\%[/tex]
Therefore, the rate of the claims paid expressed as a percent would be 86.67%.
