An allergy medication costs $130 per month, but you have heard that the generic version will save you money. how much will you save in a year if your insurance requires a $4 monthly copayment for the generic version? a.$1,512 b.$1,556 c.$1,500 d.$1,560

Hi there! So an allergy medicine costs $130 each month, which when you multiply 130 * 12, you get 1,560. That's $1,560 on that medicine spent per year, However, you have to pay $4 monthly as the co-payment and 4 * 12 is 48. Now, let's subtract the co-payment from the amount of the medicine spent per year. 1,560 - 48 = 1,512. You will save $1,512 dollars in 1 year by buying the generic version. The answer is A: $1,512.

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