Preston,Alex and George Recently Purchased a House Together,and Each Person

Multiple Choice

Preston,Alex and George recently purchased a house together,and each person bought their own insurance policy on the house. Preston bought $200,000 of coverage,Alex bought $200,000 of coverage,and George bought $100,000 of coverage. The day after they purchased their insurance policies,George's electric guitar stereo shorted out and started a fire. The resulting damage totaled $40,000. How much of the loss did George's insurance company pay,assuming that all three policies contained pro-rata clauses?

A) $8,000
B) $16,000
C) $24,000
D) none of the above