We have been given that a house worth $180,000 has a coinsurance clause of 75 percent. The owners insure the property for $101,250. They then have a loss that results in a $50,000 claim.

We will use loss settlement formula to solve our given problem.

$\text{Loss settlement}=\frac{\text{Loss}\times\text{Limit of insurance}}{\text{Actual cash value}\times \text{Coinsurance}\%}$

Upon substituting our given values, we will get:

$\text{Loss settlement}=\frac{\$50,000\times\$101,250}{\$180,000\times 75\%}$

$\text{Loss settlement}=\frac{\$50,000\times\$101,250}{\$180,000\times 0.75}$

$\text{Loss settlement}=\frac{\$5,062,500,000}{\$135,000}$

$\text{Loss settlement}=\$37,500$

Therefore, they will receive $37,500 from insurance.

5 0

3 years ago

2x + 2y = 6<br> 3x − 2y = 29

Mazyrski [523]

Answer:

x = 7

y = -4

Step-by-step explanation:

5x = 35

x=7

14 + 2y = 6

2y = -8

y = -4

7 0

3 years ago

How many roots does a quadratic have if the discriminant if prime?

scZoUnD [109]

"The discriminant is prime?" I haven't heard that one before.

Here are the general rules:

1. a positive discriminant results in two real, unequal roots.

2. a zero discr. results in two real, equal roots.

3. a negative discr. results in two complex roots, which sometimes means two imaginary roots.

5 0

3 years ago