maximum amount that will be paid for the first month

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter7: Applying Fractions
Section7.5: Percents
Problem 22OE
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A bank suffers a fire. The insured insures $10,000 in extra expenses during the first month after the fire. the insured has an extra expense policy for $20,000 and 40/80/100 Limits. What is the maximum amount that will be paid for the first

month?

a. $0

b. $5,000

—c. $8,000

d. $10,000

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