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Note: Please make sure to properly format your answers. All dollar figures in the answers need to include the dollar sign and any amount over 1,000 should include the comma
($2,354.67). All percentage values in the answers need to include a percentage sign (96). For all items without specific rounding instructions, round your answers to two decimal
Oshow both decimal places (5.06).
Rachel has $25,000 worth of property damage Insurance. She causes $32,000 worth of damage to a sports car in an accident. (Leave your answers as whole numbers.)
a. How much of the damages will the Insurance company have to pay?
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b. How much will Rachel have to pay?
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Answer 1

Answer:Therefore, Rachel will have to pay $25,000 towards the damages.

a. To determine how much of the damages the insurance company will have to pay, we subtract the amount of insurance coverage from the total damages. In this case, Rachel has $25,000 worth of property damage insurance and causes $32,000 worth of damage to the sports car.

The amount the insurance company will have to pay is:

$32,000 - $25,000 = $7,000

Therefore, the insurance company will have to pay $7,000 towards the damages.

b. To calculate how much Rachel will have to pay, we subtract the amount covered by the insurance company from the total damages.

The amount Rachel will have to pay is:

$32,000 - $7,000 = $25,000