Actors Limited had property valued at 600,000 and insured for ...

[student77]

Actors Limited had property valued at 600,000 and insured for 425,000. The fire insurance policy contained an 75 coinsurance clause. What was the coverage ratio? (Round to the nearest percent)

Question 2

____________________ interest uses 365 days as the time factor denominator in the simple interest formula.
 Fill in the blank(s) with correct word

[nanny]

Answer to Question 1

94

Answer to Question 2

Exact