Our insurance was at 175.00/month for 08. Received a letter that the 09 rate will be 250.00/month.
Question, what percent did our insurance premium increase?
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Our insurance was at 175.00/month for 08. Received a letter that the 09 rate will be 250.00/month.
Question, what percent did our insurance premium increase?
Dale: Dang near 45 percent increase.
Who is that little girl in the picture with you?:cool:
42.85714% give or take a bit.
Who insures your coach, the government?
I told the guy 43% and he told me only 30%. I wanted to get the advice of you math majors.
I took 250 divided by 175 = 1.4285... thats where i got 43 percent
I thought that to figure it you would divide 175 by 250 that equaled 70 percent. If I take 250 x .70 = 175
So I wasn't sure what I was doing wrong.
I took the increase ($75) and divided it by your starting point, or previous payment ($175). That gives the 42.85714%, like Jon said.
Who would have ever thought three guys from East Tennessee might be able to help someone with a math problem?
eric faires
huntsville, TN
Dale, You can do it two ways and get the same answer. You could also divide the amount of increase ($900) by the original $2100 and get the same 42.857. Either way, it is more than 30%. A rather significant increase. I do hope this is on your house, not your bus.
This is for our health insurance. The little girl and I took out a new policy a year ago and after a year it went up 42.85714% Wow! I best be looking around again.
So, just to add insult to injury, if you now got a $75/mo decrease (back to original price), then you'd only be getting a 30% reduction.
Their 30% figure came from dividing by the new value, which is wrong. :eek:
$75 is a larger percentage of $175 than it is of $250.
Ray
Sounds like "new math" to me. Was you agent employed by the Feds at one time?
It's still Reaalllyyyy cheap from where I'm sitting and it's a 30% increase!;) You'll get different answers from the TN crowd.;)