Jerry has an insurance policy with a premium of $150 per month. In June, he’s in an accident and receives a bill with a total cost of $6000. His deductible is $1500, and his coverage limit is $4000. How much does Jerry owe in June?

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PiaDeveau PiaDeveau · Answer 1 · 2020-04-24T03:49:06+02:00

Answer:

Amount Jerry owe in June = $2,650

Explanation:

Given:

Premium per month = $150

Total cost (Accident) = $6,000

Deductible amount = $1,500

Coverage limit = $4000

Amount Jerry owe in June = ?

Computation of amount Jerry owe :

Amount Jerry owe in June = Coverage limit - Deductible amount + Premium per month

Amount Jerry owe in June = $4,000 - $1,500 + $150

Amount Jerry owe in June = $2,500 + $150

Amount Jerry owe in June = $2,650

Tundexi Tundexi · Answer 2 · 2021-11-18T12:42:48+01:00

The amount that Jerry owe in June is $2,650

Here, we are going to calculate the amount that Jerry owes in June.

Given Information

Premium per month = $150

Total cost (Accident) = $6,000

Deductible amount = $1,500

Coverage limit = $4000

Amount Jerry owe in June = ?

Amount that Jerry owe in June = Coverage limit - Deductible amount + Premium per month

Amount that Jerry owe in June = $4,000 - $1,500 + $150

Amount that Jerry owe in June = $2,500 + $150

Amount that Jerry owe in June = $2,650

Therefore, the amount that Jerry owe in June is $2,650.

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