Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller

تمرين 151

Find the amount paid by the multiple carriers in the following problems. Note that the coinsurance requirement has not been met.
PARTIAL COVERAGE Family Dollar owns a building with a replacement cost of $1,800,000 that has fire and smoke damages of $310,000. The insurance coverage is split between Company 1 ($1,000,000) and Company 2 ($400,000). Find (a) the amount of the loss covered _____ and (b) the amount paid by each company. _____