maximum amount that will be paid for the first month

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Problem 1P
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3336

A bank suffers a fire. The insured insures $10,000 in extra expenses during the first month after the fire. the insured has an extra expense policy for $20,000 and 40/80/100 Limits. What is the maximum amount that will be paid for the first

month?

a. $0

b. $5,000

—c. $8,000

d. $10,000

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