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1 July, 23:14

Jerry has an insurance policy with a premium of $150 per month. In June, he's in an accident and receives a bill with a total cost of $6000. His deductible is $1500, and his coverage limit is $4000. How much does Jerry owe in June?

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  1. 2 July, 00:39
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    Amount Jerry owe in June = $2,650

    Explanation:

    Given:

    Premium per month = $150

    Total cost (Accident) = $6,000

    Deductible amount = $1,500

    Coverage limit = $4000

    Amount Jerry owe in June = ?

    Computation of amount Jerry owe:

    Amount Jerry owe in June = Coverage limit - Deductible amount + Premium per month

    Amount Jerry owe in June = $4,000 - $1,500 + $150

    Amount Jerry owe in June = $2,500 + $150

    Amount Jerry owe in June = $2,650
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Home » Business » Jerry has an insurance policy with a premium of $150 per month. In June, he's in an accident and receives a bill with a total cost of $6000. His deductible is $1500, and his coverage limit is $4000. How much does Jerry owe in June?
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