Homework Help: Business Math

Posted by Wally on Friday, January 11, 2013 at 2:30am.

Al Smith, who lives in Territory five, carries 10/20/5 compulsory liability insurance along with optional collision that has a $300 deductible. Al, who was at fault in an accident, caused $4,000 damage to the other auto, as well as $900 damage to his own. Also, the courts awarded $15,000 and $7,000 respectively to the two passengers in the other car for personal injuries. Al is responsible to pay a total of:
Answer

$5,000

$5,600

$2,000

$2,300

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