Try the fastest way to create flashcards
Question

Rachel has $25,000 worth of property damage insurance. She causes$32,000 worth of damage to a sports car in an accident. How much of the damages will the insurance company have to pay?

Solution

Verified
Step 1
1 of 2

$25,000

Since the amount of the damage is more than the amount covered by the insurance company, the insurance company will pay the maximum coverage.

Create a free account to view solutions

Create a free account to view solutions

Recommended textbook solutions

Financial Algebra 1st Edition by Richard Sgroi, Robert Gerver

Financial Algebra

1st EditionISBN: 9780538449670 (1 more)Richard Sgroi, Robert Gerver
2,606 solutions
Financial Algebra, Workbook 1st Edition by Richard Sgroi, Robert Gerver

Financial Algebra, Workbook

1st EditionISBN: 9780538449700Richard Sgroi, Robert Gerver
773 solutions
Financial Algebra: Advanced Algebra with Financial Applications 2nd Edition by Richard Sgroi, Robert Gerver

Financial Algebra: Advanced Algebra with Financial Applications

2nd EditionISBN: 9781337271790Richard Sgroi, Robert Gerver
3,016 solutions
Practice Problems for Financial Algebra: Advanced Algebra with Financial Applications 2nd Edition by Robert Gerver

Practice Problems for Financial Algebra: Advanced Algebra with Financial Applications

2nd EditionISBN: 9781337271820Robert Gerver
898 solutions

More related questions

1/4

1/7