gary has $10,000 worth of property damage insurance. he collides with two parked cars and causes $12,000…

gary has $10,000 worth of property damage insurance. he collides with two parked cars and causes $12,000 worth of damage. how much money must gary pay after the insurance company pays its share?

gary has $10,000 worth of property damage insurance. he collides with two parked cars and causes $12,000 worth of damage. how much money must gary pay after the insurance company pays its share?

Answer

Explanation:

Step1: Determine insurance - company payment

The insurance company will pay up to the limit of the policy. Since Gary has a $10,000 - worth property - damage insurance policy and the damage is $12,000, the insurance company will pay $10,000.

Step2: Calculate Gary's payment

To find out how much Gary must pay, we subtract the amount the insurance company pays from the total damage. Let $x$ be the amount Gary pays. Then $x = 12000−10000$. $x = 2000$

Answer:

$2000$