The Insurance company pay for Adam $ 6000 for Sam $ 4000, whose total becomes $ 10,000.
<h3>What is Insurance?</h3>
Insurance is the area of applied mathematics that studies different risks to individuals, property and businesses, and ways to manage these risks. Insurance mathematics relies heavily on calculus, probability, statistics and interest theory.
Here,
For this case, what you should know is that Sue Jones insurance covers half of the expenses.
Equivalently, her insurance covers:
10/20 = 1/2 = 0.5
Therefore, we have then that
a. for Albert
0.5 * (12000) = $ 6000
b. for Sam
0.5 * (8000) = $ 4000
c. total
The sum of the results of parts a and b
$ 6000 + $ 4000 = $ 10,000
Thus, the Insurance company pay for Adam $ 6000 for Sam $ 4000, whose total becomes $ 10,000
Learn more about Insurance from:
brainly.com/question/989103
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