peter has $1,000 deductible collision insurance. peter backs his car into his garage and causes $4,300 worth…

peter has $1,000 deductible collision insurance. peter backs his car into his garage and causes $4,300 worth of damage to the car. how much will his insurance company have to pay?

peter has $1,000 deductible collision insurance. peter backs his car into his garage and causes $4,300 worth of damage to the car. how much will his insurance company have to pay?

Answer

Explanation:

Step1: Identify total damage and deductible

The total damage to the car is $$4,300$ and the insurance deductible is $$1,000$.

Step2: Calculate insurance company payment

Subtract the deductible from the total damage to find the company's share. $$Payment = $4,300 - $1,000$$

Step3: Perform the subtraction

Calculate the final numerical value. $$Payment = $3,300$$

Answer:

$3,300