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MMLU-Pro / 330 / A house, valued at 10,000andinsuredfor7,000 with an 80% coinsurance…

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

A house, valued at 10,000andinsuredfor10,000 and insured for 7,000 with an 80% coinsurance clause, is damaged by fire to the extent of $8,500. How much will the insurance company pay on the loss? How much of the loss must the owner assume?
Plain-text mathematical notation (without MathML)
A house, valued at 10,000andinsuredfor7,000 with an 80% coinsurance clause, is damaged by fire to the extent of $8,500. How much will the insurance company pay on the loss? How much of the loss must the owner assume?
Original LaTeX notation
A house, valued at $10,000 and insured for $7,000 with an 80% coinsurance clause, is damaged by fire to the extent of $8,500. How much will the insurance company pay on the loss? How much of the loss must the owner assume?

category

business

options

  1. $6,800
  2. $7,150
  3. $6,250
  4. $8,500
  5. $5,600
  6. $6,500
  7. $8,000
  8. $7,000
  9. $1,500
  10. $7,437.50

src

stemez-Business

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