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18 All the insurance companies have a standardtimeline to process claims from the date aclaim is received, if it is not processed withinthe time limit, Insurance companies have topay interest to the providers.Doctor Time LimitDr. Andrew120 DaysDr. Stephen 50 DaysInterest10%15%Insurance company uses MM/DD/YYYYformat. Claim amount of Dr Andrew: $500 andDr. Stephen: $230.i) Dr. Andrew submitted the claim on02/01/2013 and the Insurance Companyprocessed the claim on 06/30/2013. Theinterest will be paid to Dr Andrew is:(1 Point)​

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