Question

unit 4 test
possible points: 1.54
becky has car insurance and is in an accident with a bill totaling $11,500. beckys deductible is $500. the policy has a $30,000 limit on it. how much of the accident bill will the insurance company pay for?
$11,500
$11,000
$18,500
there isnt enough information to determine

Explanation:

Step1: Understand the deductible concept

The deductible is the amount the insured (Becky) pays first. The insurance company pays the amount of the bill minus the deductible, as long as the total bill is within the policy limit.

Step2: Calculate the insurance - company's payment

The total bill is \(T = 11500\) dollars and the deductible is \(D=500\) dollars. The insurance - company's payment \(P\) is calculated as \(P=T - D\).
Substitute the values: \(P = 11500-500\).

$$P=11000$$

Answer:

\(11000\) (corresponds to the option \(\$11,000\))