Question

18
All the insurance companies have a standard
timeline to process claims from the date a
claim is received, if it is not processed within
the time limit, Insurance companies have to
pay interest to the providers.
Doctor Time Limit
Dr. Andrew
120 Days
Dr. Stephen 50 Days
Interest
10%
15%
Insurance company uses MM/DD/YYYY
format. Claim amount of Dr Andrew: $500 and
Dr. Stephen: $230.
i) Dr. Andrew submitted the claim on
02/01/2013 and the Insurance Company
processed the claim on 06/30/2013. The
interest will be paid to Dr Andrew is:
(1 Point)​

Answer 1

Answer:

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