The annual premium is given as 5260$
The company pays 70 percent of the cost.
Therefore the amount that company pays is given by:
[tex]5260\times\frac{70}{100}=3682[/tex]The company pays 3682 dollars.
Therefore M has to pay:
[tex]5260-3682=1578[/tex]M has to pay 1578$ annually
Hence the weekly payment given that there are 52 weeks in a year is given by:
[tex]\frac{1578}{52}=30.34615\approx30.35[/tex]Hence mr M has to pay 30.35$ weekly for his medical insurance.
