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shepuryov [24]
3 years ago
9

Alfred lost his 3-year-old camera. It cost him $150 three years ago and had a life expectancy of 6 years. Alfred has actual cash

value coverage on this camera, which means his insurance company will issue him a check for ________ for his loss. A similar new camera now costs $200.
Business
1 answer:
salantis [7]3 years ago
5 0

Answer:

insurance company will pay $75 to Alfred.

Explanation:

given data

Actual cost of camera = $200

Alfred cost of camera = $150

Life expectancy = 6 years

solution

we get here first Remain life of camera that is

Remain life of camera = 6 years  - 3 years

Remain life of camera = 3 years

and

now we get here current cost of the camera that is

current cost of camera = Alfred cost of camera × (Remain life of camera ÷ Life expectancy)    ........................1

put here value and we get

Current cost of camera = $150   ×   \frac{3}{6}

Current cost of camera = $75

so that insurance company will pay $75 to Alfred.

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