Fast Formula for Child Dependent Coverage Rates

Summary:

I’m currently working on a project for a client who has specific coverage rates based on the selection of dependents, which include children and a spouse. I would appreciate your guidance on how to implement this using Fast Formulas.

Here’s the scenario:

• The client has three children (Child 1, Child 2, Child 3).
• If an employee selects Child 1 and Child 2, the total rate should be 100.
• If the employee selects all three children (Child 1, Child 2, and Child 3), the total rate should be 150.
• Each child adds 50 to the total rate.

I’ve looked at some sample Fast Formulas on the Oracle documentation, but I’m not quite sure how to piece it together for this specific scenario.