Sorry I couldn’t answer but I can ask my friend to answer
Answer:
4/6 and 1/6
Step-by-step explanation:
Answer:
- <u><em>The insurance company will pay $250,000 in total for this lawsuit.</em></u>
<u><em></em></u>
- <u><em>Ronaldo will be personally responsible for $110,000.</em></u>
Explanation:
<em>BI</em> stands for bodily injury.
Bodily Injury <em>liability</em> <em> insurance</em> covers the damages caused to third parties (other drivers or persons not including you).
In the format <em>50/250</em>, the first number is the amount covered for one person in the accident, and the second number is the limit that the insurance company covers in the same accident.
Since <em>each child is awarded $20,000 as a result of a lawsuit</em>, the total legal responsability is 18 × $20,000 = $360,000.
Hence, the limit of $ 250,000 covered by the insurance company is exceeded meaning that <em>the insurance company will pay</em> the limit of $250,000.
Therefore, <em>Ronaldo will be personally responsible for</em> the difference: $360,000 - $250,000 = $110,000.
Answer:
<h2><u><em>
515.205$</em></u></h2>
Step-by-step explanation:
$450 at 7% for 2 years. $
1st year
450 + 7% = 481.5
2nd year
481.5 + 7% = <u><em>515.205</em></u>