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Thread: math class time

  1. #1
    dalej Guest

    Default math class time

    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?

  2. #2
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    Dale: Dang near 45 percent increase.

    Who is that little girl in the picture with you?
    Roger that!
    2008 Legendary DS
    2008 Avalanche
    Country Coach: My Next Bus Maybe

  3. #3
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    42.85714% give or take a bit.

    Who insures your coach, the government?

  4. #4
    dalej Guest

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    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.

  5. #5
    Join Date
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    Quote Originally Posted by dalej View Post
    I took 250 divided by 175 = 1.4285... thats where i got 43 percent
    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

  6. #6
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    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.
    Dale & Paulette

    "God Loves you and has a plan for your life!

  7. #7
    dalej Guest

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    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.

  8. #8
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    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.

    $75 is a larger percentage of $175 than it is of $250.


    Ray

  9. #9
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    Sounds like "new math" to me. Was you agent employed by the Feds at one time?
    John Knollmaier
    Still Dreaming!

  10. #10
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    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.
    Tom

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