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Author Question: Fernando's Choppers owns a building valued at 1,091,000, but has decided to insure it for only ... (Read 70 times)

big1devin

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on: Jun 24, 2018
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

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

396,611.23

Answer to Question 2

C


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