Drake's Bakery sustained a fire loss of 2,260,000. They had ...

[chads108]

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

[matt95]

Answer to Question 1

Continental

Answer to Question 2

A

[chads108]

Thanks for the timely response, appreciate it

[cdmart10]

Excellent