Tom's cat needs an expensive surgery. He has had pet insurance for 24 months that cost $20 per month. The procedure cost $5000 but the insurance covers all but 20% of this. How much money did he save by having insurance?
Let’s work this out in a step by step way to be sure we have the right answer.
3520
The insurance cost 24 * 20 = $480.

With insurance he pays 5000 *.

2 = $1000 for the procedure.

So he paid 1000 + 480 = $1480.

So he saved 5000 - 1480 = $3520.

.

The answer is 3520