Question

ova v. math of finance sem a - a
r insurance
after an accident, jelani files a claim for vehicle damage under the collision coverage, which has a policy limit of $10,000
and a deductible of $1,000. the total damage to the vehicle is assessed at $9,236.
what amount will the insurance company pay?
$8,236 $10,236 $9,000 $764

Explanation:

Step1: Understand the problem

We need to find the amount the insurance company will pay. The total damage is \$9,236, and there's a deductible of \$1,000.

Step2: Calculate the payment

To find the insurance company's payment, we subtract the deductible from the total damage. So, we do \( 9236 - 1000 \).

Step3: Perform the subtraction

\( 9236 - 1000 = 8236 \). So the insurance company will pay \$8,236.

Answer:

\$8,236