Author Question: Fernando's Choppers owns a building valued at 1,091,000, but has decided to insure it for only ... (Read 86 times)

big1devin

  • Hero Member
  • *****
  • Posts: 583
Fernando's Choppers owns a building valued at 1,091,000, but has decided to insure it for only 587,000. Their insurance policy stipulates coinsurance of 70. If a fire were to cause 516,000 in damage, how much would the insurance company pay on the claim?

Question 2

Find the amount of simple interest on a loan of 2,500 at 4.44 interest for 12.75 months. (Round to the nearest cent)
 A) 113.31
  B) 2,617.94
  C) 117.94
  D) 121.87



smrerig

  • Sr. Member
  • ****
  • Posts: 325
Answer to Question 1

396,611.23

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

For a complete list of videos, visit our video library