John backed his new car into a utility pole.  Luckily, the pole was not damaged but his car was.  He took it to a body shop and the cost to repair his car will be $4000.  His insurance has a $1000 deductible policy.  How much will the insurance company have to pay to get his car fixed?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
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Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.50TI: Susana invested a principal of $36,000 in her bank account that earned simple interest at an...
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John backed his new car into a utility pole.  Luckily, the pole was not damaged but his car was.  He took it to a body shop and the cost to repair his car will be $4000.  His insurance has a $1000 deductible policy. 

How much will the insurance company have to pay to get his car fixed?

 

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