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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 9
Solve the following application problems.
INSURANCE PAYMENT Bob Armstrong lost control of his car and crashed into another car. He had 15/30 liability limits, $10,000 property damage limits, and collision coverage with a $100 deductible. Damage to Armstrong's car was $2980; the other car, with a value of $22,800, was totaled. The results of a lawsuit awarded $75,000 and $45,000, respectively, in damages for personal injury to the two people in the other car. Find the amount that the insurance company will pay for (a) repairing Armstrong's car, _____ (b) repairing the other car, _____ and (c) personal injury damages. _____ (d) How much must Armstrong pay beyond his insurance coverage?
INSURANCE PAYMENT Bob Armstrong lost control of his car and crashed into another car. He had 15/30 liability limits, $10,000 property damage limits, and collision coverage with a $100 deductible. Damage to Armstrong's car was $2980; the other car, with a value of $22,800, was totaled. The results of a lawsuit awarded $75,000 and $45,000, respectively, in damages for personal injury to the two people in the other car. Find the amount that the insurance company will pay for (a) repairing Armstrong's car, _____ (b) repairing the other car, _____ and (c) personal injury damages. _____ (d) How much must Armstrong pay beyond his insurance coverage?
Explanation
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Verified
Since Armstrong's car had damage of an...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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