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Source: GMAT Prep
Under a certain company's medical insurance plan, the amount an employee must pay for medical expenses consists of payment for the first $450 expenses plus 20 percent of additional expenses, up to a maximum total payment of $1,350 per year. All remaining expenses are paid by the plan. Last year, if an employee paid the maximum amount for medical expenses, what is the least amount that the plan could have paid?
A. $720
B. $1,080
C. $3,600
D. 4,500
E. $4,950
The OA is C
Under a certain company's medical insurance plan, the amount an employee must pay for medical expenses consists of payment for the first $450 expenses plus 20 percent of additional expenses, up to a maximum total payment of $1,350 per year. All remaining expenses are paid by the plan. Last year, if an employee paid the maximum amount for medical expenses, what is the least amount that the plan could have paid?
A. $720
B. $1,080
C. $3,600
D. 4,500
E. $4,950
The OA is C
