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Author Question: Drake's Bakery sustained a fire loss of 2,260,000. They had multiple carrier fire insurance coverage ... (Read 88 times)

chads108

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on: Jun 24, 2018
Drake's Bakery sustained a fire loss of 2,260,000. They had multiple carrier fire insurance coverage on the building in the amount of 9,120,000. The coverage was: 3,465,600 policy held by Colonial, 2,736,000 policy held by The Hartford, and 2,918,400 policy held by Continental. Which of the three companies were responsible for 723,200 of the loss?

Question 2

The owner of a service station receives a loan of 8,500 at 10.5 for 7 months. Find the amount of simple interest.(Round to the nearest cent)
 A) 520.63
  B) 621.25
  C) 489.65
  D) 753.28


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matt95

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Reply #1 on: Jun 24, 2018
Answer to Question 1

Continental

Answer to Question 2

A


chads108

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Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

tranoy

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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