4
QuizMultiple Choice

Car Insurance — Quiz

Question 4 • Financial Algebra/Mathematics

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?

Answer
A
764 dollars
B
8 dollars comma 236
C
10 dollars comma 236
D
9 dollars comma 000

Explanation

The damage is $9,236, which is below the $10,000 policy limit. Subtract the $1,000 deductible from the assessed damage: $9,236 − $1,000 = $8,236. The insurance company will pay $8,236, choice B.

AI-written and checked against the verified answer.

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