1. juans annual premium is $1,284. if he pays quarterly, there is a $10 per - payment surcharge (extra fee)…
1. juans annual premium is $1,284. if he pays quarterly, there is a $10 per - payment surcharge (extra fee). what is the quarterly payment?\n2. diane has collision insurance with a $1,000 deductible. she accidentally back her car into a lamppost and caused $4,200 in damages to her car. how much will her insurance pay?\n3. mr. gauff was in an auto accident caused by his negligence. he has 100/300 bodily injury insurance. the three people involved in the accident sued. one person was awarded $140,000, and each of the other two was awarded $75,000. how much does the insurance company pay?
Answer
Explanation:
Step1: Calculate quarterly base - payment
Divide annual premium by 4. $\frac{1284}{4}=321$.
Step2: Add surcharge
Add the $10$ per - payment surcharge. $321 + 10=331$.
Answer:
$331$
Explanation:
Step1: Subtract deductible
Subtract the deductible from the damage amount. $4200−1000 = 3200$.
Answer:
$3200$
Explanation:
Step1: Analyze 100/300 coverage
The 100/300 bodily - injury insurance means a maximum of $100000$ per person and $300000$ total per accident.
Step2: Calculate payment for each person
For the person awarded $140000$, the insurance pays $100000$. For each of the other two people awarded $75000$, the insurance pays $75000$.
Step3: Calculate total payment
$100000+75000 + 75000=250000$.
Answer:
$250000$