What will be paid by the insurance company for the loss (in $)? Round your answer to the nearest cent.

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
Section7.6: Percents Problems
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The insurance carrier used by Sharma Kennels specifies 90% coinsurance. The company recently incurred $455,000 in damages from a tornado. The building was valued at $590,000, but was only insured for $492,000.
What will be paid by the insurance company for the loss (in $)? Round your answer to the nearest cent.
Transcribed Image Text:The insurance carrier used by Sharma Kennels specifies 90% coinsurance. The company recently incurred $455,000 in damages from a tornado. The building was valued at $590,000, but was only insured for $492,000. What will be paid by the insurance company for the loss (in $)? Round your answer to the nearest cent.
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